Janet Yellen signals continuity: Nick Parsons of National Australia Bank

Federal Reserve Chair Janet Yellen has made it clear she would not make any abrupt changes to US monetary policy, saying the central bank is on track to keep reducing its stimulus even though the labour market recovery was far from complete. However, her comments at the upcoming FOMC meet would be important to track, says Nick Parsons, head of markets strategy at National Australia Bank. The Fed is likely to continue its pace of QE unwinding intact.