Yellen press conference: Expect inflation to rise to 2% over next couple of years

• Fed officials see moderate growth in next few years
• Inflation expectations remain reasonably low
• We expect jobs conditions will improve somewhat further
• Broader measures of labor market slack have moved lower
• "Overall, these economic projects are very similar to the ones made in September"
• Fed funds rate is only modestly below neutral rate
• Gradual rate hikes are consistent with Fed's projections in dot plot

Yellen gave a little endorsement to the dot plot and how it's consistent with how the Fed anticipates gradual rate hikes.