March 19 (Bloomberg) -- Federal Reserve Chair Janet Yellen speaks about the outlook for the U.S. economy and Fed policy.
Yellen speaks in Washington in her first news conference as head of the central bank after a two-day meeting of the Federal Open Market Committee. The Fed gave itself room to keep borrowing costs low at least until next year by dropping a linkage between the benchmark interest rate and a specific level of unemployment. (This is Yellen’s prepared statement. Source: Bloomberg)