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Fed's Yellen: Currently not considering changing inflation target

Additional headlines keep crossing the wired from Fed Chairwoman Janet Yellen's Q&A session at the National Association for Business Economics Annual Meeting:

  • Allowing inflation to chronically run below 2% target would be a bad idea
  • Currently not considering changing inflation target
  • Extremely important that the public understands that our inflation goal is symmetric

EUR/USD: choppy on Yellen - is she being hawkish or dovish?

Currently, EUR/USD is trading at 1.1794, down -0.45% on the day, having posted a daily high at 1.1862 and low at 1.1757. DXY invigorated by Fed's
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Gold dropped heavily on Yellen, back below $1,300 level

Gold fells below $1,300 an ounce ahead of Comex settlement and spot traded at a low of  $1,293.49 after Yellen's comments earlier today. Yellen's com
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