While you were sleeping Yellen affirms plan to wind back stimulus

Thu, 27 Feb 2014

Feb. 28 (BusinessDesk) - Federal Reserve Chair Janet Yellen says the central bank would continue to wind back its stimulus programme, even while noting that the US labour market has a way to go to recover. "If there's a significant change in the outlook, certainly we would be open to reconsidering, but I wouldn't want to jump to conclusions here," she told the Senate Banking Committee." The Federal Open Market Committee is scheduled to meet on March 18, having trimmed its monthly bond purchasing programme by US$10 billion to US$65 billion la...

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