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- Fed's Yellen says important not to overreact to a few inflation readings, data can be noisy
Fed's Yellen says important not to overreact to a few inflation readings, data can be noisy
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Wednesday's cpi reading showed weakness in a number of categories; something fed will be focused on
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Says decisions about long-run framework for monetary policy don't need to be made for quite some time
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Knows that administration is working hard to fill out open slots at fed board
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Fed has taken note of weak core inflation readings
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Fully intends to serve out term as chair
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Conditions are in place for inflation to rise
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Has not seen much evidence that expectations of fiscal policy changes have driven changes in consumer or business spending
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Employment is near maximum sustainable level
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Pickup in global growth helping U.S. exports this year
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