that service both of our goals, namely employment putting people back to work, progressing, chains, movingb at a faster pace back to 2%. we do not think to overshoot our objective but it is also the case 2% is our goal. it is not a ceiling. paths similar to what you described. fareed: in december you raised rates. many people including larry felt it was a mistake. in retrospect, was it? i don'ti don'ms. yellen: regard it as a mistake. i feel the economy had made substantial improvement. toward our goal. [laughter] fareed: alan greenspan was registering agreement with that. if you can begin again. sit at two so, we criteria's to boost the fund rate. it led to the december decision. we wanted to see substantial labor market.e we felt that has been satisfied. recognizing inflation is below are 2% objective, wanted to feel reasonably confident it would move up over the 2%. think those conditions were satisfied in december and justified taking a step. not in anylicy is preset course. although every three months my colleagues and i said out our individual projections of what we anticipate for the