Janet L Yellen: Recent developments and the outlook for the economy Speech by Ms Janet L Yellen, Chair of the Board of Governors of the Federal Reserve System, at the City Club of Cleveland, Cleveland, Ohio, 10 July 2015. *  *  *  Thank you, President Mester, and thank you to the City Club for inviting me to speak today.
This was reflected in a marked increase in consumers’ purchasing power, and supported the continued growth in private consumption.