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Janet Yellen said US economy still requires fed help

  • Janet Yellen mentioned today that the rate of unemployment is still too high at 7.3 percent and the US economy needs the support of the Federal Reserve. 

    Yellen is expected to be nominated as the next chairman of the Federal Reserve and it appears that she plans on standing by the low interest rate policies of the Fed until there's an improvement in the economy. 

    She said this would be the "surest path to returning to a more normal approach to monetary policy."

    Yellen said the inflation rate is below the targeted 2 percent and the economy's performance is not up to the mark. 

    Tagged as: janet yellen, federal reserve janet yellen, federal reserve chairman, money news, business news