Yellen Said to Voice Confidence in Expansion Amid Foreign Risks

(Updated - October 15, 2014 2:35 PM EDT)

Yellen said to voice confidence in expansion amid turbulent foreign markets.

UPDATE - Yellen made comments during a closed-door meeting in Washington last week, according to Bloomberg.

Yellen said to the Group of 30 that the U.S. economy looked to achieve growth of 3 percent moving forward. The Fed chair also expects inflation to rise back up to 2 percent as unemployment continues to fall.

During the Fed's latest meeting, officials said they saw the economy growing by 2.6 - 3 percent next year and inflation rising to 1.7 - 2 percent in 2016.

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