Yellen will explain the decisions the Fed took today and then she will answers question from journalists. Her speech will be followed closely by market participants and is likely to trigger volatility across financial assets. A tone suggesting some kind of acceleration in the tightening process could boost the US dollar. On the opposite, if she signals that the normalization process is likely to proceed at a slower pace, the greenback could weaken.
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.
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