{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='President Barack Obama\u0026#39;s pick to head the Federal Reserve, Janet Yellen, says that the U.S. economy has regained ground lost to Great Recession but still needs the Fed\u0026#39;s support because unemployment remains too high at 7.3 percent. (Nov. 14)' data-url='/boclips/videos/5c54bad9d8eafeecae120990' data-video-url='/boclips/videos/5c54bad9d8eafeecae120990' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nPresident Barack Obama\u0026#39;s pick to head the Federal Reserve, Janet Yellen, says that the U.S. economy has regained ground lost to Great Recession but still needs the Fed\u0026#39;s support because unemployment remains too high at 7.3 percent. (Nov. 14)\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eJanet Yellen is telling a Senate panel that the economy has regained ground lost to Great Recession but still needs the Federal Reserve's support because unemployment remains too high at 7.3 percent.Yellen is testifying to the Senate...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eJanet Yellen is telling a Senate panel that the economy has regained ground lost to Great Recession but still needs the Federal Reserve's support because unemployment remains too high at 7.3 percent.\u003cbr/\u003eYellen is testifying to the Senate Banking Committee, which is considering her nomination to be the next chairman of the Fed.\u003cbr/\u003eShe says the economy is still performing far below its potential. \u003cbr/\u003eAnd she points out that inflation is running below the Fed's 2 percent target.\u003cbr/\u003eYellen says the Fed's support of the recovery is the \"surest path to returning to a more normal approach to monetary policy.\"\u003cbr/\u003eWashington, DC - 14 November 2013\u003cbr/\u003e1. SOUNDBITE (English) Janet Yellen, Federal Reserve Board chair nominee:\u003cbr/\u003e\"We've made good progress, but we have further to go to regain the ground lost in the crisis and the recession.  Unemployment is down from a peak of ten percent, but at 7.3 percent in October, it is still to high, reflecting a labor market and economy performing far short of their potential. At the same time inflation is running below the Federal Reserve's goal of 2 percent and is expected to continue to do so for some time.  For these reasons the Federal Reserve is using its monetary policy tools to promote a more robust recovery. A strong recovery will ultimately enable the Fed to reduce its monetary accommodation and its reliance on unconventional policy tools, such as asset purchases.\"\u003cbr/\u003e2. SOUNDBITE (English) Janet Yellen, Federal Reserve Board chair nominee:\u003cbr/\u003e\"I believe that supporting the recovery today is the surest path to returning to a more normal approach to monetary policy.\"\u003cbr/\u003e3. SOUNDBITE (English) Janet Yellen, Federal Reserve Board chair nominee:\u003cbr/\u003e\"Our country has come a long way since the dark days of the financial crisis, but we have farther to go.  I believe the Federal Reserve has made significant progress towards its goals, but has more work to do.\"\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid 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