Janet Yellen actually said...

I consider a 12 basis point difference to be really quite small and in line with the general level of interest rates.

Yellen defends the Fed's interest rate decisions as appropriate.

06/21/2016

More Janet Yellen Quotes

Both objectives of the dual mandate are important in promoting the economic well-being of the United States.

It is a risk. A significant amount of that is in China.

It is important when we have a 2-percent inflation objective to make sure that we achieve it.

We are very focused on trying to bring inflation up to our 2-percent objective.