US Treas Sec Yellen says she is not predicting or recommending Fed rate rises

Yellen says inflation is transitory, does not anticipate inflation will be a problem in the US economy

• Adds that the Fed has tools to address inflation
• Expects a rise in labour force participation
• important to maintain fiscal space to address a future emergency

Y speaking at a WSJ event. Yellen singing from the same song sheet as the Fed on 'transitory inflation and no rate rises.