The following are highlights of Federal Reserve Chair Janet Yellen's press conference on Wednesday following the end of the U.S. central bank's March 18-19 meeting on monetary policy.
YELLEN ON IMPACT OF WEATHER ON ECONOMY
"Unusually harsh weather in January and February has made assessing the underlying strength of the economy especially challenging. Broadly speaking, however, the spending and production data, while somewhat weaker than we had expected in January, are roughly in line with our expectations as of December, the last time committee participants submitted economic projections."
(Compiled by Washington bureau)