Janet Yellen commits maximum employment & stable prices

I will continue the work of helping repair the damage done by the financial crisis to the economy, Yellen says

March 06, 2014 8:20 IST | India Infoline News Service
Federal Reserve Chair Janet Yellen vowed on Wednesday to do all that she can to boost the US economy that is running well short of the central bank's objectives.
Yellen said, “In that short time, the Board has taken significant steps to further strengthen financial regulation.”
“I will also continue the work of helping repair the damage done by the financial crisis to the economy. Too many Americans still can't find a job or are forced to work part-time. The goals set by
Yellen further said, “Congress has entrusted the Federal Reserve with great responsibilities. The tools we deploy, to guide the financial system and influence our vast economy, can seem far removed from the lives and concerns of average Americans. And yet the decisions we make affect the welfare and shape the future of every American.”
While concluding her speech, Yellen added, “The unemployment rate represents millions of individuals who are eager to work but struggling to provide for themselves and their families. When we make progress toward our goals, each job that is created lifts this burden for someone who is better equipped to be a good parent, to build a stronger community, and to contribute to a more prosperous nation.”

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