Confident and clear, Yellen says rate path will be well signalled

December 16, 2015 10:47 PM

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Confident and clear, Yellen says rate path will be well signalled

SAN FRANCISCO The unanimous backing Federal Reserve Chair Janet Yellen got for the Fed's first rate hike since the financial crisis let her deliver a clear message: Don't expect further rate hikes for a while, and when we are ready, we'll tell you.

Yellen's confident and measured performance - she even managed a joke about the Fed's forecasting record - came as she ended the "extraordinary" measures that revived the U.S. economy from the worst recession since the 1930s.

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