Yellen: Fed's 'extraordinary' aid to last for some time
From marketwatch.com
Federal Reserve Chairwoman Janet Yellen said Monday that the recovery still feels like a recession to many Americans, which is why the central bank will keep its "extraordinary" support for the economy for "some time to come." In a speech to a Chicago community reinvestment conference, Yellen also provided evidence why there's still slack in the jobs market, and weighed in on the hot issue of why the participation rate is so low. The speech may come as a bit newsier than the market expected. Yellen expanded on the reasons she believes there are significant more people willing and capable to filling a job than ...
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