Janet Yellen speech: Forward guidance at Fed should be conditional on the eco outlook

Following are the comments from the Fed Chair Yellen’s speech at the ECB Communications Conference underway.

“Every bit of forward guidance at Fed should be conditional on the outlook of the economy.”

“Always trying to emphasize economic conditionality of upcoming decisions.”

“Market participants should understand forward guidance is not a certainty.”

“Market participants seek more than CBs are prepared to offer.”