Two regional Fed presidents are retiring after embarrassing revelations about stock trading.
They both said they'd invest the proceeds of their sales in diversified index funds or hold them in cash.
On when the Fed would start reducing its economic support, the Fed chair said, "We're not there yet."
As a whole, the Fed may still be too dovish on inflation and the recovering economy.
Policy makers expressed optimism after the U.S. labor market posted strong gains in March.
The Fed believes big price increases are largely due to pent-up consumer spending.
An economic recovery will hinge on the behaviors of Americans earning $100,000 per year or more, according to Fed research.
Should trillions of dollars of taxes and spending on non-infrastructure policies be pitched as part of an infrastructure bill?
Growth is likely to be nearly 8% in the second quarter and 6.5% for 2021, he said.
Fed leaders have been increasingly vocal about economic inequality in the U.S.
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