Yellen downplays impact of Trump's win on Fed

Federal Reserve Chairwoman Janet Yellen downplayed the impact of Donald Trump’s presidential victory on the central bank’s plans Wednesday, suggesting that she and other Fed officials are not yet factoring in the possibilities of tax cuts or infrastructure spending into their analysis.

Asked at a press conference if the Fed’s move to raise rates more quickly next year was driven by the possibility that the president-elect would ramp up fiscal policy, Yellen mostly disagreed.