Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, Tuesday, Feb. 14, 2017, before the Senate Banking Committee. Federal Reserve chair Janet Yellen said a March rate hike would be “appropriate” if the economy continues to evolve as expected, adding strength to recent speculation that the central bank will raise its benchmark interest rate at its upcoming March meeting.