Fed's Yellen: Economic outlook is highly uncertain

Fed’s Chairwoman Janet Yellen is holding a press conference, after the central bank’s interest rate decision to hike rates by 25 bps.

Following are the key quotes from the press briefing's session, via Reuters:

• Economy will continue to perform well
• Expects job conditions to strengthen somewhat further
• Expects overall inflation to rise to 2 pct over the next couple of years
• Neutral nominal fed funds rate is quite low
• Low neutral rate means gradual hikes will be enough to get to neutral policy stance
• Changes in fiscal policy could affect outlook
• Says far too early to know how fiscal policy changes will unfold
• Says changes in fiscal policy just one of many factors for outlook
• Says policy is not on a preset course