Fed's Yellen: Fully intends to serve out term as Chair
More headlines from Fed's Chairwoman Janet Yellen keep hitting the wires, via Reuters, during a Q&A session with journalists, highlighting that decisions about long-run framework for monetary policy don't need to be made for quite some time:
- Fully intends to serve out term as chair
- Has not had conversations with Trump over her future plans
- Knows that Administration is working hard to fill out open slots at Fed board
Market updates post-FED:
EUR/USD remains bid around 1.1260; 10-yr yield hovers at 2.12% on Fed’s hawkish rate hike
USD/JPY rises modestly as Fed hikes rates as expected
US Dollar rebounds post-FOMC, remains below 97 ahead of Yellen's remarks
GBP/USD trading 30 pips around 1.28 handle post FOMC statement
Dow clocks fresh session high after Fed maintains outlook for three rate hikes this year
USD/CAD slightly higher after Fed’s decision, still negative for the day
Gold, capped on $1,280 post FOMC, bears take back control, eyes on $1,258/Yellen presser
AUD/USD backs away from session highs after Fed delivered a hawkish rate hike
USD/CHF rises to 3-day highs after FOMC decision
Yellen defends the hawkish rate hike, EUR/USD surrenders gains
NZD/USD eases from 4-month highs during Yellen's presser