Fed's Janet Yellen Humphrey Hawkins testimony 14 February 2017
Rate hike will likely be appropriate at one of its upcoming meetings if employment and inflation evolve in line with expectations
Reiterates the view that three hikes are possible in line with Fed forecasts
Repeats, waiting too long to tighten would be unwise
Gradual increases in Fed funds rate will likely be appropriate but mon pol is not on a set course
Hopes that fiscal policies will be consistent with putting the US on a sustainable trajectory
Incoming data suggests that the labour market continues to strengthen and inflation moving up to 2% in line with FOMC expectations
The buck has jumped on what is pretty much a repeat of the last FOMC meeting. USDJPY is up to 114.20 on this.
Traders have jumped on the "upcoming meeting" comment but that's a straw clutch at best, as far as picking a date goes.
