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 ImagesWASHINGTON — 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…