Housing market reforms can boost recovery: Fed’s Yellen

yellen-janet

Janet Yellen, the vice-chair at the Federal Reserve, on Tuesday said monetary policy was not a panacea for the US economy's ills and called on Washington to develop a more comprehensive plan to boost the recovery.

At the Federal Reserve Bank of San Francisco's Asia Economic Policy Conference in San Francisco, California, Yellen said: "Growth in advanced nations, including the US, faces serious headwinds. Households are still deleveraging, corporations are reluctant to invest, and fiscal

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