Janet Yellen actually said...

"I feel we have given detailed feedback and adequate information, and if we do not see the progress we expect, we are fully prepared to declare the living wills to be not credible."

"There is no spin here. Our confidence in the economy has improved, and when we raise rates, it will be a signal in our confidence in the underlying fundamentals."

"We are very committed to both parts of the dual mandate--price stability and maximum employment."

"Yes. I mean, we expect to report to you on the findings of these investigations, and if the need and suggestions for improvement are found, we expect to put those into effect."