Yellen expects Fed to 'do more' to keep U.S. economy on track

Yellen said she thought the Fed was on track to lift inflation to its 2% target -- a goal it has mostly undershot since 2012 -- though she was wary of persistently weak price pressures. Foto: AP/Jacquelyn Martin

Former Federal Reserve Chair Janet Yellen said that while the U.S. economy was in a good place, threats to the outlook have increased and the central bank will continue to respond.

Speaking Thursday in Chicago, she said the Fed has begun to address downside risks and "I fully expect they will do more."..

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