Janet Yellen makes mistake in Fed debut

  • A lot is being talked about Janet Yellen's first news conference after she assumed leadership for the Federal Reserve. Observers mentioned that she spoke too clearly and used the words "around six months" when asked about when the Feb would raise interest rates. 

    "You know, this is the kind of term it's hard to define, but, you know, it probably means something on the order of around six months or that type of thing," she said. 

    John Cassidy of the New Yorker noted that a "more experienced central-bank head would have obfuscated and said something vague" and Yellen needs to be careful about what she says. "Investors always want more information, but they''re not always good at sifting useless information from noise," Clive Crook of Bloomberg said. 

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