Yellen defies Trump to commit to Fed role until 2018

Faced criticism during US President-elect's campaign

Federal Reserve chairman Janet Yellen has reassured markets that she will stay in the role for her full term, despite criticism from US President-elect Donald Trump.

There had been speculation she would resign after Trump's criticism that her policies were suited to benefit President Obama and that she waited too long to raise interest rates. In a statement to Congress' Joint Economic Committee, Yellen (pictured) said: "I was confirmed by the Senate to a four-year term, which ends at the end of January of 2018, and it is fully my intention to serve out that term." Buxton: Yellen could resign on Trump victory to preserve Fed integrity She also increased speculation about a rate hike in next month's Federal Open Market Committee meeting by statin...