Fed's Yellen says she's upbeat about short-term economic outlook

Federal Reserve Chairwoman Janet Yellen speaks to educators at the Federal Reserve Board Building January 12, 2017 in Washington, DC.
Aaron P. Bernstein | Getty Images
Federal Reserve Chairwoman Janet Yellen speaks to educators at the Federal Reserve Board Building January 12, 2017 in Washington, DC.

The U.S. economy is doing well and faces no serious obstacles in the short term, with the labor market looking pretty strong, Federal Reserve Chair Janet Yellen said on Thursday.

In the "short term I would say I don't think there are serious obstacles. I see the economy as doing quite well," Yellen said in a town hall meeting with educators, adding that she was worried about longer-term issues like widening income inequality and weak growth in labor productivity.

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