Janet Yellen speech: Current slope of yield curve is well within historical range
|Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press after delivering her remarks on the policy outlook, with key quotes (via Reuters) found below.
One possible reason for low inflation is that long-run sustainable unemployment rate is lower.
I expect to maintain washington dc as her base after leaving Fed.
Financial stability risks from bitcoin are limited.
Don't see significant exposure of core financial institutions to threats from bitcoin value fluctuations.
Current slope of yield curve is well within historical range.
There are good reasons to think relationship between yield curve and business cycle may have changed.
Yield curve likely to be flatter than in the past.
Odds of recession are low.
Key notes
US Dollar Index drops to 1-week lows after Fed meeting.
The US Dollar dropped sharply after the FOMC decision to raise rates and it continued to slide during Yellen’s press conference. Equity prices remained near the top while US bond yields moved to the downside. Gold jumped, rising above $1,255/oz.
GBP/USD retakes 1.34 handle.
GBP/USD has extended the post-Fed rally to 1.3423 (10-day MA) possibly due to fears that a potential delay in the tax reform could force the Fed to go slow with the rate hikes.
About Janet Yellen
Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018. Dr. Yellen also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.