Yellen

Yellen’s words vs what you heard by Cardiff Garcia

"In other words, she doesn’t think inflation will threaten to breach the 2 per cent level so long as unemployment is “quite high”. 

This could be read either hawkishly or dovishly."

In other words they could close the output gap more quickly by breaching the 2 percent ceiling, but they won't have to raise interest rates while unemployment is still "quite high."