On Monday, the Federal Reserve Chair Janet Yellen spoke to the graduates of the University of Baltimore and leave the words “Get a college degree”, Yellen affirmed these to the young Americans because the U.S job market are becoming the strongest among other countries since the unemployment rate is as low as 4.6% since 2007. Moreover, policymakers also acknowledged the development in the economy for the previous week which made them decide a second-time rate hike after a decade. The Fed Chair also stated that the future of the job seekers seems positive, particularly for a college degree holder by which the unemployed college graduates is approximately 2.3%.
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