Yellen will be pressed to clarify the Fed’s outlook for interest rates. (AP Photo/Susan Walsh, File)
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The frenetic first three weeks of Donald Trump's presidency have left political leaders divided and dizzy with uncertainty over what happens next. This week, it will be Federal Reserve Chair Janet Yellen's turn to weigh in – if she chooses to – on how the economy could fare in the early months of Trump's administration.Does Yellen see the Fed raising rates three times this year, as the central bank in December forecast it would?Yellen will surely be asked whether she think Trump's program will more likely accelerate or weaken the economy.Until then, the Fed had left its key rate unchanged at a record low near zero for seven years to energize an economy pummeled by the most severe recession in decades. In December, the Fed also forecast that it would raise rates three times in 2017 .Swonk said she thinks Yellen would avoid responding directly to questions from Congress this week about Trump's economic proposals until more is known about them.
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