Yellen says Fed on track to keep trimming stimulus

(Reuters) – Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was “far from complete.” In her first public comments as Fed chief, Yellen said the central bank would need to keep its eye on […]

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Analysis: Only time will define Bernanke's crisis-era legacy at Fed

(Reuters) – Ben Bernanke did not hesitate when asked whether he was confident that his signature response to the Great Recession would work. “Well, the problem with QE is that it works in practice but it doesn’t work in theory,” the head of the U.S. Federal Reserve quipped earlier this month during his last public […]

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Yellen to defend Fed's ultra-easy monetary policy

(Reuters) – Janet Yellen, President Barack Obama’s nominee to lead the U.S. Federal Reserve, will offer a stout defense on Thursday of the central bank’s aggressive monetary easing before a Senate panel that includes some tough Republican critics. At a Senate Banking Committee hearing on her nomination to be the first woman to run the nation’s central […]

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