Janet Yellen: ‘I Strongly Oppose Audit the Fed’ Because We’re Already Audited

I strongly oppose 'Audit the Fed,' Yellen says (CNBC)

U.S. Federal Reserve Chairwoman Janet Yellen testified before Congress on Tuesday after presenting her semiannual monetary policy report.

The Federal Reserve will not hike rates for the next few Federal Open Market Committee meetings, according to Yellen's prepared remarks.

During the question-and-answer session, Yellen addressed a range of questions from the committee about the Fed's structure, its inflation measurement and the movement to "audit the Fed."