Fed’s Yellen sees little evidence of stability danger from easy policy


Loose monetary policy from the Federal Reserve has provided "meaningful support" to the economy and there are not yet any signs that the low interest rate environment is creating risks to stability, according to Janet Yellen, the vice-chair of the Fed.

Speaking at a panel discussion at an International Monetary Fund conference yesterday, Yellen said the Fed's asset purchases coupled with forward guidance was strengthening the recovery. Some commentators have suggested, however, that the long

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