. >> i went at the window and the whole side of the house was en gulfed in flames: friends say brendan mckee. >> with that much fire trying to get inside: fire crews tried rushing inside as did her had you been. >> she was in there throughout that entire ordeal which was about a half hour or so. >> reporter: while a neighbor and friend prayed outside. >> call on the lord. >> reporter: fire officials were able to reach brenda. >> a lot of fire a lot of heat. >> reporter: brut, it was too late. >> made entrance and found victim on the second floor. >> reporter: fire marshal for the county is asking anyone who may have seen the fire contact police department as part of their investigation. right now, a cause still undetermined. reporting here i'm greg argos. cbs3 eyewitness news. >> two firefighters fighters are recovering tonight after injured fighting a house hour in burlington county. flames broke out early at home in borodin town. one of the injured firefighters was hospital d the other was treated at the scene. their injuries are considered minor. cause of the fire is still under investiga

. >> i went at the window and the whole side of the house was en gulfed in flames: friends say brendan mckee. >> with that much fire trying to get inside: fire crews tried rushing inside as did her had you been. >> she was in there throughout that entire ordeal which was about a half hour or so. >> reporter: while a neighbor and friend prayed outside. >> call on the lord. >> reporter: fire officials were able to reach brenda. >> a lot of fire a lot of heat. >> reporter: brut, it was too late. >> made entrance and found victim on the second floor. >> reporter: fire marshal for the county is asking anyone who may have seen the fire contact police department as part of their investigation. right now, a cause still undetermined. reporting here i'm greg argos. cbs3 eyewitness news. >> two firefighters fighters are recovering tonight after injured fighting a house hour in burlington county. flames broke out early at home in borodin town. one of the injured firefighters was hospital d the other was treated at the scene. their injuries are considered minor. cause of the fire is still under investiga

mckee. we're also joined by brendan greeley. scarlet: give us your take away from listening to this three hour testimony. brendan: i heard a lot of back-and-forth about the mechanics of negative interest rates. it's something analysts have been talking about and a lot has happened in japan and europe and they got down to the detail of it. the interest paid on excess reserves at the fed and how that would work -- one thing that janet yellen said is that they were not yet completely certain it. there were still some doubt over whether that was legally possible given the 2006 that orders they pay interest on excess reserves and she declined to answer whether the fed was looking into it. there was real talk about the mechanics of how that would work at the other thing that jumped out of the is a discussion about the hugest -- discrepancy in unemployed rates between white families and african-american families. that's something the fed does not have much power over but it was interesting when our greed of texas asked if she would con

scarlet: michael mckee is with us as well as brendan. headline youbig heard from the testimony? brendan: negative rates. there was a back-and-forth about whether she was prepared to use it. take a listen. ms. yellen: we previously considered them and decided they would not work well to foster accommodation back in 2010. in light of the experience of european countries and others, we are taking a look at it again. add accommodation. we had not finished that evaluation. we need to consider the u.s. institutional context. it is not automatic. >> she went on and talked a little bit about how the structure of monetary funds in the u.s. exit more difficult to implement negative rates in other countries. the fact that she is saying again confirming this is a tool work considering this may -- there may be something they have to use. we have got the facts out and we are sharpening it and sends a single to markets and markets have been saying we do not see these four rate hikes in december and she said i'm happeneda lot has since december. she is aware of the changes. if markets do not se

brendan: transcripts show policymakers expressed concern following commodity prices. risks in the u.s. economy. joining us from washington is bloomberg economics editor mike mckee.ike, there has been a residence on the part of the fed for them to say what the risks are. they keep hunting. do you read any more understanding out of this document on where they see the risks are and whether the balances are negative or positive? mike: we know where the risks are from the fed minutes, brendan, but we do not know whether they will actually come to pass. remember, this was back in january. it has been a month. since that time, janet yellen has testified again on capitol hill about a lot of this stuff. the fed officials were struggling to understand the implications of falling oil prices, a stronger dollar, chinese growth, and volatile financial markets all at a time when consumer spending was hanging in and the labor market was remaining strong. in general, the minutes say, many saw all those developments increasing the downside risk to the economy, although they really had no framework for how bad those risks would be. here is a key quote -- a number of participants n

brendan: transcripts show policymakers expressed concern following commodity prices. risks in the u.s. economy. joining us from washington is bloomberg economics editor mike mckee.ike, there has been a residence reticence on the part of the fed for them to say what the risks are. they keep hunting. do you read any more understanding out of this document on where they see the risks are and whether the balances are negative or positive? mike: we know where the risks are from the fed minutes, brendan, but we do not know how big those risks are or whether they will actually come to pass. remember, this was back in january. it has been a month. since that time, janet yellen already has testified again on capitol hill about a lot of this stuff. the fed officials were struggling to understand the implications of falling oil prices, a stronger dollar, chinese growth, and volatile financial markets all at a time when consumer spending was hanging in and the labor market was remaining strong. in general, the minutes say, many saw all those developments as increasing the downside risk to the economy, although they really had no framework for how bad those risks would be. h

brendan live at the hill. also with me is the brains behind economics desk, mike mckee. all we will get from janet yellen today? financial conditions have the come less supported, is that all we are getting from her? >> if you are looking for her to -- yes, that is all you will get from her. letting the be markets believe there will be no rate increase in march slide. she does note of course the problems that we have seen in financial marks and talk about how they could weigh on economic growth. she does not make a big point out of saying we are data dependent and we will think -- see where things are in march. on the other hand, she goes on to say these could weigh on growth. they are not saying they will. she talks about the fact that if they prove persistent, it could be a problem. then she quotes from their statement, saying the committee still expects economic activity will expand at a moderate pace and labor market indicators will strengthen. betty: and we will hit 2%. >> in the longer term. but it will get there. the fed is still on track to raise interest rates.

brendan: the fed released minutes from the january meeting one hour ago and transcript show policymakers expressed concerns the falling commodity markets poses risks for the economy. joining us from washington, bloomberg's economic editor michael mckee. we have had one hour to look at the minutes. you have had two hours. there has been a reticence on the part of the fed to say what he thinks the risks are. do you read any more understanding out of this document on what they see the risks are, and whether the balance is good positive? michael: we know where the risks are from the fed minutes, we do not know how big they are or would they will come to -- or if they will come to pass. this was back in january. it has been a month since that time and janet yellen has only testified about a lot of the stuff. the minutes show fed officials were struggling to understand implications of falling oil prices, a stronger dollar, chinese growth, and volatile financial markets, all at a time when consumer markets were hanging in, and the labor market was remaining strong. in general, many saw the developments as increasing the downside risks to the economy, although they had no framework for how bad those risks would be. financial markets -- one