Rising interest rates will be appropriate only if employment and inflation develop as expected.
Yellen believes that possible three increases this year.
If we wait too long to tighten monetary policy, this may be unreasonable.
Gradual increase in interest rates will probably be the most suitable option for our purposes.
Yellen hopes that fiscal policy will be consistent with putting the US on a sustainable path.
Data show that the labor market will continue to strengthen and inflation rises to 2% as expected from the FOMC.
USD/JPY rises above 114.00 as the yield on 10-year bonds rose above 2.47 percent after Yellen said that waiting too long for promotion would be unwise move.
The dollar recovered its losses against most of its currency crosses from the G10, as Bloomberg Dollar Index registered a gain.
After raising interest rates is scheduled for June this year.
EUR/USD dropped to a one-month bottom after Yellen's speech, as is currently trading at levels of 1.0582
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