In a speech given in January 2017, then Federal Reserve Board Chair Janet L. Yellen -- noting that price stability does not mean having no inflation whatsoever -- explained that, "[b]ased on research and decades of experience, we define [the level of inflation considered as 'price stability'] as 2 percent a year.
We are here today to learn about a report on a topic of vital importance to our economic future: the financial literacy of America’s young people. Increasingly, personal financial security requires the ability to understand and navigate the financial marketplace.