Earlier from Yellen’s interview with CNBC:
More now:
- Have been watching UK developments ‘quite closely’
- Have met with UK
officials - Does not want to
comment on UK policy - Fiscal policy should
be complementary to monetary policy, we have tried to do that in the
u.s. - I have confidence in
the fed to make a good set of decisions and we’re not going to
interfere - There’s been some
positive news on inflation but we need to see a sustained decline - Job openings decline
takes a bit of heat out of job market - I plan to stay
- I have no plan to
leave - I think I was in
good company in failing to see inflation would increase and persist
as long as it has - Lowering inflation
is Biden’s top economic priority
Watching Gilts ….
