Yellen greenlights March, emphasizes gradual, but risks have shifted toward more hikes this year

Posted on March 4th, 2017

In a speech that was largely an historical account of the evolution of policy, Chair Yellen emphasized a gradual pace of policy tightening, while sending a clear signal that, barring a surprise, a hike on 15 Match is planned. The USD has weakened on the speech mainly because Yellen has given no indication that the […]