Yellen speech elicits praise

Fed chair Janet Yellen received words of praise from analysts following her speech that was was packed with explanations about current US policy.

A quote from a Bloomberg report:

"I thought it was her best performance since she has been chair," said Michael Gapen, chief U.S. economist at Barclays in New York. "In the absence of unity, the chair has to exert leadership and it felt like she exerted that."

That surely was a speech that could serve as a role model for many sitting or incoming governors.