Janet Yellen actually said...

"Sometimes the long-term unemployed do need to acquire different skills in order to be reabsorbed into the job market."

"the unemployment rate is not the Committee's definition of what constitutes full employment."

"I strongly support and would urge the Congress to address the issue of GSE reform."

"So the Fed continues to think that end users do not pose systemic risks, and we will come back and will be crafting a rule in light of the international negotiations."