Yellen: US financial vulnerability "moderate"

- China continues to "face significant challenges"

- The economic outlook is uncertain, monetary policy is not a foregone conclusion in advance course

- The course of the Fed interest rate will depend on the economic and financial situation

- The Fed expects that the economic situation will continue to improve

- Yellen expects the economy will evolve in such a way to justify "a gradual rise in interest rates"

- Current policy allows for inflation below the target level, ambiguous indicators of employment growth

- Careful policy allows economic growth.

- Low interest rates for the Fed to justify a cautious approach to the implementation of monetary policy

- The Committee expects that inflation will rise to 2% in the medium term

- The data indicate a "significant improvement" in regard to GDP in the 2nd quarter

- Consumer spending "increased significantly" in recent months,

- Visible cautious signs that wages may begin to grow

- The rate of improvement in the labor market appears to have slowed

- Brexit "may create risks for financial stability"

- US Financial vulnerability "moderate"

- Fed rarely used guidelines after crisis