Friday, August 22, 2014
(Jackson, WY) -- Financial markets are looking forward to hearing from Federal Reserve Chair Janet Yellen this morning. Yellen will highlight the Fed's symposium in Jackson Hole, Wyoming when she shares her views on the health of the U.S. labor market. Economists expect the Fed chief to cite the unemployment rate as one sign the labor market is getting stronger. Yellen is also expected to stand by her conviction that the central bank needs to be patient before taking any steps toward raising interest rates. Yellen speaks at 10 a.m. Eastern time.