Fed’s Yellen says ‘nonpartisan’ central bank close to goals

WASHINGTON: The US central bank is close to achieving its inflation and employment goals, but any policy moves will depend on how the economy evolves, Federal Reserve Chair Janet Yellen said Wednesday.

Speaking just two days before President-elect Donald Trump takes office, perhaps the most remarkable thing about the speech was that Yellen twice emphasized that the Fed is nonpartisan and designed to be isolated from political pressures.