'If the US economy continues to improve as I expect, I think it will be appropriate at some point this year take the initial step of raising rates and start the process of normalization of monetary policy'. Janet said so Yellen, Governor of the Federal Reserve, in her prepared speech for an event at the Providence, Rhode Island Chamber of Commerce.
La first woman to lead the US central bank explains that that normalization will be 'probably gradual'. The Fed's approach it therefore remains linked to macroeconomic data. Yellen indeed explained that 'if conditions improve faster than expected, it could be appropriate to raise interest rates more quickly; to the on the contrary, the pace of normalization could slow down if the conditions become less favourable
