Fed Chair Yellen Points to Uncertainty of Inflation

Janet Yellen's testimony highlights a moderate economic growth with inflation uncertainties. She discusses gradual interest rate increases and balance sheet adjustments. The Fed's aversion to strict monetary policy rules is noted, with no significant changes in bank regulation. Market reactions vary, with some analysts questioning the impact of the balance sheet on policy.

What does Yellen imply about the Fed's monetary policy rules?

What implications does Yellen suggest regarding the Fed's balance sheet?