Same tone in Yellen’s speech tonight? – Danske Bank

FXStreet (Edinburgh) - In the opinion of Jens Pedersen, Analyst at Danske Bank, Yellen would reiterate her recent appreciations about the slack in the labour market.

Key Quotes

“Fed’s Yellen testifies before the Congress’s Joint Economic Committee”.

“She is likely to reiterate the message that, while the economy is expected to recover following the weak Q1, there is plenty of slack in the labour market and inflation is far below the Fed’s target”.

“The Fed can thus remain patient before raising rates once the QE tapering is over later this year”.