Asked if she would stay on in the role if asked by President Trump, she replied: "I absolutely intend to serve out my term".
The stock market recovered yesterday ahead of the speech of US Federal Reserve chairperson Janet Yellen. The big question is: will Yellen focus on the upside or the downside? Dollar/yen breached the 113 handle immediately following the release, but managed to recover slightly as the Fed Chair started her testimony and was last trading at 113.17.
Yellen replied: "It may well be".
In her testimony Wednesday, Yellen said that she expects the the central bank to keep making gradual interest rate increases "to achieve and maintain maximum employment and stable prices".
The Fed raised short-term interest rates in June - the third rate hike since December.
Yellen, in prepared testimony ahead of a congressional hearing, said she would "carefully monitor" United States economic conditions as the labor market tightens but that inflation lags Fed targets.
"By holding rates lower, that means capital or investment remains somewhat cheaper for companies and the economy should be able to do well with rates perhaps not rising as much as some of us had feared", Haworth said. But she said those factors would drop of the inflation calculation.
Kermit the Frog loses his voice as puppeteer quits Muppets
Steve Whitmire , the voice behind lead Muppet Kermit the Frog , has been replaced after voicing the character for 27 years. But Hennes points out that when Whitmire took over from Henson, many believed that the new Kermit simply sounded wrong.
Yellen did discuss the Federal Reserve's massive $4.4 trillion balance sheet, or at least the normalization plans, noting that the Fed now sees lowering reserve balances appreciably lower than recent levels - but keeping reserves at a level much higher than what was held prior to and going into the last financial crisis.
Similarly, a broader measure of unemployment, which also takes into account those marginally attached to the labour force and those who would like to work more, was again near its lowest levels from before the last recession, she said.
That "has to be an important piece to understand what has happened", she said.
At a press conference last month, Yellen said the normalization of Fed's balance sheet could start "relatively soon" if the US economy evolves in line with their expectations.
'The big mystery surrounding the U.S. economy has been why low unemployment hasn't translated into stronger wage and price growth, ' he said. The Office of Economic Cooperation and Development also warned that protectionist trade policies threaten global growth.