Bloomberg: Yellen Signals Continuation of Stimulus
Bloomberg reported that Janet Yellen indicated she will continue with the Federal Reserve’s monetary stimulus until she sees a robust economic recovery, downplaying risks the policy is inflating asset bubbles.
Bloomberg noted that Yellen, during her Fed chair confirmation hearing, signaled that she will continue to use bond buying to strengthen the economy and drive down the nation’s 7.3% unemployment rate. Testifying to the Senate Banking Committee, she sought to dispel concerns from senators that the central bank’s policy is inflating the values of equities and housing to such an extent that it jeopardizes market stability, Bloomberg said.
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