Janet Yellen, Vice President of the Federal Reserve, believed both Congress and the Fed needs to do more to lift the economy.
Janet Yellen as Vice Chairwoman of the Federal Reserve "is number two in command to Ben Bernanke and believes that the Central Bank should focus its policies on boosting the economy and the labour market.
"It will be a long road back to the market for the work." "It will be years before many workers feel they have recovered the ground lost since 2007."
As a dove, as inflation moderated more about the weak labour market the possibility of a rapid rise in prices any time soon. Those on the other side of the spectrum, known as the inflation hawks, criticism of the Fed's policy of weakening the dollar and fueling asset bubbles could, for example, in bonds or agricultural land.
Related: Federal Reserve hawks vs. doves
UMA relents to these critics in her, but due to the current low rate of inflation, said "it is entirely appropriate to" take center stage. "
It also cited the unemployment rate to 7.9 per cent and the poverty rate 15% as the signs that both Congress and the Fed needs to do more to boost the economy.
"These are not just statistics for me." "We know that long-term unemployment is devastating for workers and members of their families".
Recent policies of the Federal Reserve to keep interest rates at record lows and entails the purchase of 85 $ ?????? a month in Treasury bonds and mortgage-backed securities in an effort to lower interest rates more.
Hope to make it cheaper for consumers and businesses to borrow money, they will spend more on homes, cars and other items.
Yalin said "I believe that these steps will increase demand, and more demand means more jobs."
Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
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