Obama to Meet With Yellen to Talk U.S. Economy

By Features Dow Jones Newswires

President Barack Obama is scheduled to meet with Federal Reserve Chairwoman Janet Yellen on Monday to discuss the long-term outlook for the American economy and the global recovery, a White House official said.

Continue Reading Below

The meeting comes amid signs of stronger economic growth at home and weakness abroad. Aside from an Oct. 6 gathering of financial regulators, this would be the president's first meeting with Ms. Yellen since she was confirmed.

The White House in recent days has highlighted the relative strength of the U.S. economy, as Fed has decided to end one key component of its easy money policies. But the recovery has been weak by historical standards.

"The President met a number of times with Chairman (Ben) Bernanke, Chair Yellen's predecessor, and this meeting is a continuation of that important dialogue on the state of the economy, financial reform, and other economic issues," the White House official said.