Ex-Fed’s Yellen: Three to four rate hikes are likely this year

Reuters quoted an anonymous source reporting comments from the former Fed Chairwoman Yellen, as she attends a private event hosted by investment bank Jefferies.

Key Points:

Three to four rate hikes are likely this year.

Recent US tax cuts and a boost in government spending poses at least some risk of running the economy hot.

Revealed no confidential information and talked about the economy as well as general perspectives on monetary policy.