Federal Reserve Chair Janet Yellen Puts March Hike in Play

Federal Reserve Chair Janet Yellen, in testimony before the Senate Banking Committee, put a March rate hike on the table. " As I noted on previous occasions, waiting too long to remove accommodation would be unwise, potentially requiring the FOMC to eventually raise rates rapidly, which could risk disrupting financial markets and pushing the economy into recession," she said. TheStreet's Scott Gamm speaks with Danielle DiMartino Booth, author of the new book Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America.