In her first public statements about the economy since Donald Trump’s victory in the US election last week, Ms Yellen told a congressional hearing that an increase in short-term interest rates “could well become appropriate relatively soon”, comments that sent Treasuries lower and yields on the 10-year note toward 2.25 per cent.
She said delaying a rate hike for too long could be detrimental for monetary policy and the economy….
Source: US stocks, dollar gain, bonds fall after US Fed chair Janet Yellen rate comments