Yellen offers helicopter money cautious support

Janet Yellen says helicopter money could be used in a "very abnormal" situation

Federal Reserve chair Janet Yellen offered her cautious support to the idea of helicopter money during a press conference on June 15.

After carefully hedging her remarks with warnings on what has happened in the past when central banks printed too much money, Yellen said such a policy is "something that one might legitimately consider".

"I would see this as a very abnormal, extreme situation where one needs an all-out attempt," she told reporters.

As rates remain stuck at the zero lower bound

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