Fed taking “forceful action” on economy, Yellen says


By Pedro da Costa and Jason Lange – “The gulf between maximum employment and the very difficult conditions workers face today helps explain the urgency behind the Federal Reserve’s ongoing efforts to strengthen the recovery,” Fed Vice Chairwoman Janet Yellen said.

“We have taken, and are continuing to take, forceful action to increase the pace of economic growth and job creation.”

Some analysts worry the Fed’s stimulus policies will spark future inflation, but the central bank maintains it has all the tools it needs to remove liquidity from the financial system when the time comes. more> http://tinyurl.com/a24r9dq

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