Yellen says Fed is aware it needs tools to cope with negative shocks

US Fed chair Yellen in the Q&A from ECB forum 14 NovYep, like another 2 or 3 rate hikes to create some wiggle room perhaps ?

  • financial stability risks remain quite moderate
  • Fed takes balanced approach in pursuit of dual mandate
  • priority remains inflation, unemployment target may undershoot

Kuroda prattles on about something he wasn’t really asked but of no consequence anyway and there it is. All over.
The CB  heads duly fending off some tame questioning with ease and off they go to lunch on the 3rd floor in the executive dining room.
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