Ft News

Janet Yellen's testimony to the US Congress on Wednesday comes as confidence in the Federal Reserve is strained, demonstrated by a sell-off in bank stocks, sharp moves in bond markets and some critics calling the December rate rise a mistake. The FT's John Authers asks Mohamed El-Erian how Chair Yellen can reconcile with these forces. Music by Kevin MacLeod.  See acast.com/privacy for privacy and opt-out information.