Jent Yellen

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Yellen On Tapering: Not Quite There Yet

NEW YORK | By Ana Fuentes | Thursday was Janet Yellen’s big day. In front of the Senate Banking Committee she ran through her prepared speech (released by the Fed on Wednesday) and acknowledged “the risks” of injecting QE steroids to the U.S. economy for too long. However, she argued,  inflation is still too low and unemployment rate, too high. “The benefits exceed the costs” of the Fed’s current policies, she said. Will we see any tapering soon? Certainly, but not yet.