Yellen stands by Fed's low interest rate policies
from Chicago Sun-Times
Janet Yellen said Nov. 14 that the U.S. economy has regained ground lost to Great Recession but still needs the Federal Reserve’s support because unemployment remains too high at 7.3 percent. Yellen made those comments in testimony to the Senate Banking Committee, which is considering her nomination to be the next chairman of the Federal Reserve. Her remarks suggest that she plans to stand by the Fed’s extraordinary low interest rate policies begun under current Chairman Ben Bernanke until the economy shows further improvement.
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