# Prof. Thomas Cooley is interviewed in advance of Fed Chair Janet Yellen's news conference

1 Faculty News June 18, 2014 ![Forbes logo](/sites/default/files/styles/246w/public/assets/images/con_030508.jpg?itok=SId6k3bx)>

Excerpt from [Forbes](http://www.forbes.com/sites/samanthasharf/2014/06/18/fed-cuts-monthly-asset-purchases-to-35-billion-at-june-meeting-markets-waits-for-yellen-talk/) -- "[Cooley](http://www.stern.nyu.edu/faculty/bio/thomas-cooley) also expects Yellen to address the slow down but not harp on it instead focusing on labor. 'Its important for people to be willing to take a more detailed look at what is happening in the labor markets,' he said. 'That is where signs of price pressure are going to show up. The great recession cast a very long shadow – particularly over labor markets. We are going to see labor markets getting better but only in small segments.'"

[Read more](http://www.forbes.com/sites/samanthasharf/2014/06/18/fed-cuts-monthly-asset-purchases-to-35-billion-at-june-meeting-markets-waits-for-yellen-talk/)