Fed Chair Janet Yellen's Press Conference in Two Minutes

The transcript discusses the Federal Reserve's decision to adjust the federal funds rate by a quarter percentage point, reflecting economic progress towards employment and price stability. It highlights the current low neutral rate and anticipates future gradual rate hikes to sustain economic growth. Despite low unemployment, wage growth and inflation remain subdued. The chair intends to complete their term without discussing future plans with the president.

What is the expected outcome of the gradual rate hikes mentioned in the text?

What is the speaker's intention regarding their term as chair?