The WSJ reports as follows: about Janet Yellen... "
But she reiterated her view that a contraction isn’t imminent. “There is always some chance of a recession in any year, but the evidence suggests expansions don’t die of old age,” Ms. Yellen said. “It is not what I think is the most likely scenario.”
She also emphasized that the Fed is staying flexible on the outlook for rates, noting several times that interest rates aren’t on a “preset course.” Yet she added that it’s premature to say whether recent developments have shifted the balance of risks to the downside."