Fed chief Yellen's news conference after FOMC meeting

June 15, 2016 6:18 PM

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Fed chief Yellen's news conference after FOMC meeting

WASHINGTON The following are highlights from Federal Reserve Chair Janet Yellen's press conference on Wednesday following the end of a two-day meeting of the U.S. central bank's policy-setting committee.

"I would take somewhat faster wage increases to be a sign that labor market slack is diminishing, and that the labor market is approaching conditions that are consistent with maximum employment. I think we have seen some hints, perhaps preliminary indications, that wage growth is picking up. And as ...

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