Fed Yellen says lift-off warranted if there is continued improvements on jobs and inflation

FXStreet (Córdoba) - Fed Chair Janet Yellen said on Monday that a lift-off is warranted if there is continued improvements on jobs and inflation while adding that most fed policymakers expect pace of rate hikes will be gradual.

Yellen comments came in response to an open letter from American savers published last month.

Yellen also said overly aggressive increase in rates would at most benefit savers only temporarily.