Federal Reserve Chair Janet Yellen sought to reassure investorsthat the central bank's latest interest-rate increase wasn't aparadigm shift to a trigger-happy policy driven by fears of fasterinflation.
Speaking to reporters after the Fed's quarter percentage-pointmove on Wednesday, Yellen said the central bank was willing totolerate inflation temporarily overshooting its 2% goal and that itintended to keep its policy accommodative for “some time.”
“The simple message is the economy's doing well. We haveconfidence in the robustness of the economy and its resilience toshocks,” she said.
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