Fed's Yellen hints at longer period for low rates

Published on NewsOK Modified: February 11, 2013 at 2:54 pm •  Published: February 11, 2013
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Yellen is considered a top prospect to succeed Bernanke as chairman, should he leave when his current term ends on Jan. 31, 2014.

Analysts said Yellen's comments are a signal that Fed remains committed to aggressive stimulus measures to boost growth and lower unemployment.

"Yellen does not sound ready to slow asset purchases, far less contemplate tightening policy, any time soon," Dana Saporta, director of U.S. economics at Credit Suisse, said in a research note.

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