She outlined why she doesn't think it's enough to say the central bank's independence is up to the central bank.
"The Fed cannot defend itself alone."
Recent events have been "alarming and ultimately somewhat reassuring" that a broader coalition, "slow and imperfect as it is ... can be rallied."
The U.S. economy added 172,000 jobs in May and the unemployment rate held at 4.3%.
There were large upward revisions to March and April, raising the three- and six-month hiring averages to 188,000 and 92,000, respectively.
Not to ignore the obvious: Headline CPI was +0.47% (+5.8% annualized), which pushed the 12-month change to 4.2%, a three-year high.
On a 3-month annualized basis, the CPI is up 8.2%.