Benchmark
Yellen Finds A Way To Describe Her Doubts in One Handy Fan Chart
Yellen uses a figure that shows rates won't drop below zero, but are subject to lots of doubt
Janet Yellen, chair of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, June 22, 2016.
Photographer: Andrew Harrer/Bloomberg via Getty ImagesThis article is for subscribers only.
Janet Yellen has found a way to describe her doubts.
Appended to the Federal Reserve chair's speech on Friday was a so-called fan chart, a tool used by many central banks around the world to express the uncertainty around their baseline prediction. Take a look at the one Yellen cited: