Yellen Speech: If Fed view changes on inflation, it would require an alteration in monetary policy
|Janet Yellen, Chairwoman of the Federal Reserve, is responding to questions from the press, with key headlines, via Reuters, found below:
- Low inflation this year is more broad-based than just due to certain factors
- Resumption of forward guidance would also be available if economy materially weakened
- Fed needs to figure out whether factors that lowered inflation are transitory or persistent
- If fed view changes on inflation, it would require an alteration in monetary policy
Key headlines:
USD/JPY skyrockets through 112.00 as market re-adjusts Fed rate hikes pricing
The US Dollar has found an incredibly strong commitment to re-adjust its value into much higher levels across the board as a result of a more hawkish FOMC. USD/JPY saw an initial spike towards 112.00, followed by further follow through to touch a fresh daily high of 112.37.
DXY +92%: shorts repositioning in a major way on bullish Yellen / hawkish FOMC
Bulls piled into the greenback and lifted the index right up to 92.45 the high where it now consolidates during Yellen's presser on a relatively hawkish outcome in today's FOMC decision and statement.
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.