Fed Chair Yellen Gives Little Details on When Next Hike Will Come The USD appreciated across the board as U.S. Federal Reserve Chair Janet Yellen opened the Jackson Hole central bank summit with a positive take on the U.S. economy. Chair Yellen recapped the upgrades to monetary policy undergone through the economic crisis of 2008 and felt confident that based on the strength of employment the outlook is positive for the economy, building a case for a rate hike. Missing from the speech was the actual timing of the mentioned rate hike. The market focused on the Fed Chairs line: “I believe the case for an increase in ... (full story)