Janet Yellen Meets With Community Leaders on Fed Policy, Jobs

(RECAP: Federal Reserve Chairwoman Janet Yellen met Friday with a coalition of community activists who are urging the central bank to resist pressures to raise interest rates before the labor market has fully recovered and calling for greater public input into the selection of regional Fed bank presidents. The Fed declined to comment on the meeting or the activists’ recommendations. Many investors expect the central bank to start raising its benchmark short-term rate sometime in the summer of 2015.)