Yellen Q&A: We want to move in a prudent, gradual manner

Yellen answering questions from reporters:

It's prudent to monitor financial conditions and spending in the economy
It's important not to over-blow the significance of this hike, it's only 25 bps
The outlook will evolve with incoming data
Neutral isn't a policy goal, it's a useful benchmark
Above-trend growth will help achieve inflation goal
Further decline in jobless rate will erode slack
"I'm not going to give you a simple formula for what we need to see on inflation to raise again. We're also going to monitor the path of employment."
"I have been surprised by the further drop in oil prices"