Tuesday, February 24, 2015

Yellen's Testimony on Fed Monetary Policy Key quotes

" basis of incoming data, the Committee is reasonably confident that inflation will move back over the medium term toward our 2 percent objective...

It is possible, for example, that it may be necessary for the federal funds rate to run temporarily below its normal longer-run level because the residual effects of the financial crisis may continue to weigh on economic activity. ..." 


Without any risk r responsibilty

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