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>> My time has almost expired. If I could ask you one last question. Do you anticipate that this will be your last time testifying before this committee?>> Are you open to serving another four years as Fed Chair?>> If you were to receive a call from the president telling you that he intended to nominate you for another term, would you accept?
>> Washington buzzing with speculation Wednesday that Fed Chair Janet Yellen won't be asked to stay after her term expires early next year. Members of the House Financial Services Committee using their twice yearly chat with Yellen to play the would you stay if asked game. In what could be her last testimony before this group, Yellen was having none of that.
>> I really haven't had to give further thought at this point to this question. So far, it's not been something that's come up. But I would certainly, something that I would discuss with the president, obviously.>> What was she willing to talk to lawmakers about? Plans announced last month by the Federal Reserve to start selling off four and a half trillion dollars in bonds, bought by the central bank to prop up the economy during the financial crisis.
>> We've not heard significant concerns or seen a significant market reaction. So, we have indicated we expect to begin this if the economy stays on track this year. I expect, and certainly hope, that this will go smoothly.>> What was she willing to talk to lawmakers about? The Fed going ahead with that plan, even though inflation remains stubbornly low.
Some lawmakers taking Yellen to task for a willingness to risk an economic tailspin if the asset sales spark a spike in interest rates, a concern recently shared by JPMorgan Chase CEO Jamie Dimon. Yellen, hitting back that with a slow yet steady economic recovery and an unemployment rate falling to 4.4%, the Fed has the room to not only start its bond selling program.
But can also keep up the gradual interest rate hikes it started in 2015.