Former Fed Chair Yellen says central bank is being too ‘optimistic’ about US economy

Former Fed Chair Yellen says central bank is being too ‘optimistic’ about US economy

U.S. Federal Reserve Board Chairwoman Janet Yellen
Win McNamee | Getty Images

WASHINGTON — The Federal Reserve’s estimates for long-term economic growth may be a bit too positive, former Fed Chair Janet Yellen said Friday.
The central bank kept the median estimate for long-term growth at 1.9% earlier this month. An expansion of 1.9% is lackluster compared to growth rates of previous decades when…

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