Yellen testimony before the Joint Economic Committee - Live

Federal Reserve Chair Janet Yellen is scheduled to testify on the economy before the Joint Economic Committee in Washington at 15:00 GMT.

Key notes

Yellen Testimony: With gradual adjustments in the stance of monpol, economy will continue to expand.

"I expect that, with gradual adjustments in the stance of monetary policy, the economy will continue to expand and the job market will strengthen somewhat further," Janet Yellen said in her prepared speech. 

US GDP increased at an annual rate of 3.3 percent in third quarter of 2017.

"Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the third quarter of 2017, according to the "second" estimate," the Bureau of Economic Analysis reported on Wednesday.

About Janet Yellen

Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018. Dr. Yellen also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body.