- Refuses to report her discussions with Treasury to Congress
- Says Fed discussing principles for policy and balance sheet normalisation
- Will release exit plan details later this year
- Reiterates that a policy rule would be a grave mistake and would undercut Fed independence
- Fed would lose independence in real time reviews
- Fed is the most transparent central bank in the world
- Not 100% negative on consulting policy rules and rules can help monetary policy
- Policy rule would have hampered economic rebound
- Policy rules have merit in normal times
She’s facing a far more hostile crowd today and they have been prodding her over her meetings with the Treasury which she refused saying that they are personal conversations on mutual subjects.
