Yellen's Q&A after giving testimony

  • Fed focuses most on labour market and inflation (well that is the mandate)
  • We'll look carefully at Nov jobs report
  • Geopolitical risks also causing cautiousness
  • There remains some margin of labour market slack
  • Inflation has been significantly below Fed's goal
  • Don't want to see persistent inflation below 2%
  • Fed will watch data to see if inflation rising

It's all pretty standard stuff from her so far

The coffee is on ;-)