US Treas Sec Yellen says she is not predicting or recommending Fed rate rises
Yellen says inflation is transitory, does not anticipate inflation will be a problem in the US economy
- Adds that the Fed has tools to address inflation
- Expects a rise in labour force participation
- important to maintain fiscal space to address a future emergency
Y speaking at a WSJ event. Yellen singing from the same song sheet as the Fed on 'transitory inflation and no rate rises.