Yellen Cites Weakened Job Market

(Jackson Hole, WY) -- Fed chief Janet Yellen says the job market is still weakened by the recession. In a speech today at an annual banking conference Jackson Hole, Wyoming, Yellen said the Federal Reserve should be cautious when it comes to deciding when key interest rates should rise. Yellen said that while the unemployment rate has fallen faster than expected, it doesn't include the millions of people who have left the job market or been stuck in part-time jobs.