Fed Might Begin Thinking About Raising Rates at Some Point – Ep. 56

* Janet Yellen's prepared remarks were the most dovish yet

* If economy is improving, why do we still need "a high degree of accommodation?"

* There is still room for "substantial improvement in the labor market"

* Any modification of guidance will not necessarily indicate rate increase

* Yellen states lower energy prices is positive for the economy, yet looks for higher inflation

* The Fed says outlook is data dependent and the data is getting worse


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