FXStreet (Córdoba) - Fed Chairwoman Janet Yellen added nothing really new at her long-awaited Jackson Hole speech today, as she sounded "balanced" and "non-committal".

Among main remarks she stated that rates might be raised sooner if there is a faster recovery than anticipated in the labor market or inflation moves more rapidly. However she also said rates could also remain near zero for longer than currently anticipated if economic performance disappoints.

She didn't really gave much of a clue over when interest rates will go up. "Monetary policy is not on a preset path", Yellen reiterated. So in summary, rates hikes will be data-dependant, nothing new from Ms. Yellen.

Federal Reserve Chair speech was focused on employment as expected. She stressed the difficulty in gauging labor-market slack and concluded stating that many of the labor market issues will be at the center of FOMC discussions for some time to come.

"Yellen gave the market exactly what they expected. She was quite dovish and made few illusions to the timing of any future rate hikes. Now that the event is out of the way, the trend that has been in place is reasserting itself", said Jamie Coleman, Editor at FXBeat. "Doves being dovish is not news...Markets expected Yellen to be dovish so the dollar is not suffering".

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD sidelined below 1.10, PMI eyed

  2. Forex News

    EUR/USD's BIG week and Nonfarm Payrolls

  3. Forex News

    EUR/USD Technical Analysis: Selloff Cut Short Sub-1.09

  4. Forex News

    Euro Staying Afloat amid Short Position, Carry Trade Unwind

  5. Investing

    EUR/USD: August 2015 Forecast

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!