"'Very possible' the Fed's made its last rate hike of cycle." (Guess who? Hint: she's short)

If you answered former Federal Reserve Chair Janet Yellen, well done you!

Yellen speaking Monday (US time):

• "If there is a downturn in the global economy and that spills into the U.S. ... It's very possible we may have seen the last interest rate hike of this cycle,"

Report via CNBC (link)

Its a useful comment from an insider (admittedly a former insider but Y remains very well connected and is a wise analyst indeed). Has there, or will be a further, downturn in the global economy? Yesterday's data from China certainly highlight the probability:

• China Dec. trade balance CNY 395bn (expected 345bn CNY)

More from the Yellen report:

• "Perhaps another rate hike or two is perfectly possible, but nothing is baked in,"
• Yellen added that she expects the Fed to "take a breather [to] evaluate where the economy is" before it moves again.

(ps. although I said she is short I really have no idea on her positioning at all, K?)