Former Fed chair Yellen says three to four rate hikes are likely this year

Yellen was attending a private event hosted by investment bank Jefferies

This via a Reuters report. Citing an anonymous source, Yellen also commented that recent US tax cuts and a boost in government spending poses at least some risk of running the economy hot.

When asked by Reuters, Yellen said that she revealed no confidential information and talked about the economy as well as general perspectives on monetary policy.

The source mentioned also says that during a Q&A session, Yellen pretty much stuck close to the gradual rate hike message that Powell has been preaching since he took over.

Yellen appears to be taking a page out of Bernanke's book as the latter is known to express his views in private talks - and who could blame them really when you get to earn your entire year's compensation as Fed chair in one night.

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