Federal Reserve Chair Janet Yellen speaks during a news conference following last month's Federal Open Market Committee meeting. Carolyn Kaster/AP hide caption
Federal Reserve Chair Janet Yellen Federal Reserve Chair Janet Yellen
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Federal Reserve Chair Janet Yellen
Jerome Powell, President Trump's pick for chairman of the Federal Reserve, testifying before a Senate committee in November 2017. He was confirmed by the full Senate on Tuesday. Carolyn Kaster/AP hide caption
Job seekers line up to enter a career fair in Los Angeles, on Dec. 1, 2010. At the peak of the recession, the unemployment rate hit 10 percent. It's now 4.1 percent. Kevork Djansezian/Getty Images hide caption
Federal Reserve Board Chair Janet Yellen says the process of unwinding the central bank's massive bond holdings will be gradual. Chip Somodevilla/Getty Images hide caption
Fed's Unwinding Of Crisis Programs Expected To Push Up Interest Rates Very Gradually
Federal Reserve Chair Janet Yellen testifies before the Senate Banking Committee in July. President Trump has given mixed signals about whether he will re-appoint her when her term as chair expires in February. Chip Somodevilla/Getty Images hide caption
Federal Reserve Chair Janet Yellen speaks during a news conference in Washington, D.C., on Wednesday. Susan Walsh/AP hide caption
Federal Reserve Chair Janet Yellen is expected to discuss the central bank's decision on a benchmark interest rate Wednesday. She's seen here speaking on Capitol Hill last month. Susan Walsh/AP hide caption
Fed Chair Janet Yellen testifies before the House Financial Services Committee, where she said an interest rate increase could still come in December. Andrew Harnik/AP hide caption
The Fed wants to make banks "pre-fund" their own bailout should another financial conflagration break out. bestdesigns/iStockphoto.com hide caption
"There are still too many people who want jobs but cannot find them," Federal Reserve Chair Janet Yellen said Wednesday. Susan Walsh/AP hide caption