Here's your summary from Treasury's Yellen: Currency Intervention Should to Be Rare, Well Flagged (https://www.youtube.com/watch?v=UjKyH5o7z1c) on the Bloomberg Television channel:

### TLDR:

Intervention in currency markets should be rare, well communicated, and in response to volatility.

1. Large market economies should have market-based exchange rates.

2. Currency intervention should be rare, communicated in advance, and in response to market volatility.

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