In her testimony to the US Senate yesterday, Fed Chair Janet - TopicsExpress

In her testimony to the US Senate yesterday, Fed Chair Janet Yellen presented a mildly hawkish approach. Marking this shift, she pointed to the FOMC’s summary of Economic Projections (including the ‘dot plot’) as a main indicator of Fed policy. To make the point perfectly clear, she also stated that if the labor market continues to improve at its current pace, “then increases in the federal funds rate target likely would occur sooner”.

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