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慕蓉秋月
发表于 2021-5-11 16:04:15
THE YELLEN EFFECT--Market will buy everything they can find
Janet Yellen, nominated to be the next chairman of the Federal Reserve, said today the economy and labor market are performing “far short of their potential” and must improve before the Fed can begin reducing monetary stimulus.
Yellen in her testimony publicly voiced her views for the first time in seven months on the unprecedented monetary stimulus that she’s supported
In three pages of prepared remarks, she said unemployment is “still too high, reflecting a labor market and economy performing far short of their potential” and that inflation is “expected” to remain below the Fed’s goal for 2 percent price increases. She also highlighted areas where the economy has improved, saying housing “seems to have turned a corner” and the auto industry has made an “impressive comeback,”
Yellen said more needs to be done to strengthen the nation’s economic recovery.
“While we have made progress, we have farther to go,” she said Oct. 9. “The mandate of the Federal Reserve is to serve all the American people, and too many Americans still can’t find a job and worry how they will pay their bills and provide for their families.”
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