Fed's Yellen: Labor market roughly comparable to 2007 levels of slack

During a Q&A session, Fed's Chairwoman Janet Yellen stated that all participants recognized that there is considerable uncertainty over government policies.

Key quotes (via Reuters)

• Says important not to roll back progress under Dodd-Frank
• Asked about Trump's affect on markets, Fed's Yellen says FOMC discussed these topics at policy meeting
• Asked about Trump's affect on markets, Fed's Yellen says we have time to wait to see what policy changes occur
• Says increases in interest rates, dollar suggest that market participants anticipate expansionary policies
• Labor market roughly comparable to 2007 levels of slack