There was a mixed response to Federal Reserve Chair Janet Yellen's comments last week on a time frame for future interest rate increases, with some analysts viewing it as a mistake and others finding it encouraging.

Financial advisor Michael Yoshikami, CEO of Destination Wealth Management, called it "refreshing," arguing on CNBC.com this week that "rising interest rates and inflation are not necessarily a negative."

Consumer prices rose 1.1 percent in the year through February, while the Fed's federal funds rate target stands at zero to 0.25 percent.

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