5 Quotes from Janet Yellen’s Speech on the U.S. Economy

“The higher foreign exchange value of the dollar…, as well as weak growth in some foreign economies, has restrained the demand for U.S. exports. Moreover, lower crude oil prices have significantly depressed business investment in the domestic energy sector. … We expect the drag on domestic economic activity from these factors to ease over the course of this year, as the value of the dollar and crude oil prices stabilize, and I anticipate moderate economic growth, on balance, for this year as a whole.”

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10 July 2015 | 4:37 pm – Source: blogs.wsj.com

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