Yellen says monetary easing needed to support labour market


Janet Yellen, vice-chair of the Federal Reserve, today said the Fed's highly accommodative monetary policy is needed to support the flagging labour market.

Yellen highlighted the risks of withdrawing easing too quickly, arguing that "insufficiently forceful action" could cause long-term damage to the economy's productive capacity, and consequently accommodation is still necessary to support a "more-rapid growth in employment".

She did, however, acknowledge the risks of the policy stance, in

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