Yellen: ‘The U.S. Economy Is Performing Well,’ as Consumer Spending Is Growing

‘So the basic message here is U.S. economic performance has been good’

RUSH EXCERPT:
YELLEN: "First of all, let me say that the decisions that we've made this year about rates and today about our balance sheet are ones we've taken because we feel the U.S. Economy is performing well. We're working down our balance sheet because we feel that's stimulus that in some sense is no longer needed. So the basic message here is U.S. economic performance has been good. The labor market has strengthened substantially. Every measure of the labor market, whether it's the narrow unemployment rate, the broader unemployment rate, the number of people working in part-time jobs who want full-time work."

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