Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

xchrom

(108,903 posts)

16. YELLEN REITERATES SUPPORT FOR FED'S BOND BUYING

Reply to Tansy_Gold (Original post)

Wed Nov 20, 2013, 07:42 AM

Nov 2013

http://hosted.ap.org/dynamic/stories/U/US_YELLEN?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-11-19-19-14-42

WASHINGTON (AP) -- Janet Yellen says a "strong majority" of Federal Reserve officials think the Fed's low-interest-rate policies have supported a still-recovering U.S. economy.

Responding to questions from members of the Senate Banking Committee, Yellen said the U.S. economy would likely be weaker if the central bank had not acted aggressively.

Yellen's responses were released Tuesday, two days before the committee is expected to vote to back her nomination to succeed Ben Bernanke as Fed chairman.

In letters to the committee, Yellen defended the Fed's monthly bond purchases, which have been intended to keep long-term rates down to encourage borrowing and spending. Critics have charged that the bond purchases haven't helped the economy and have raised the risks of high inflation or asset bubbles.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

32 replies

= new reply since forum marked as read

Highlight:

STOCK MARKET WATCH -- Wednesday, 20 November 2013 [View all] Tansy_Gold Nov 2013 OP

Five year coma? Fuddnik Nov 2013 #1

At least they're admitting it's a coma. Tansy_Gold Nov 2013 #2

I'll quibble about the coma. Fuddnik Nov 2013 #3

Our newspaper of record these days is....the Guardian! Demeter Nov 2013 #5

And our TV station is Al-Jezeera Demeter Nov 2013 #6

Since Carter, anyway Demeter Nov 2013 #4

10 companies paying Americans the least Demeter Nov 2013 #7

Some cyber security experts recommend shutting Obamacare site Demeter Nov 2013 #8

Sebelius says 'Come back,' insists Obamacare website improved Demeter Nov 2013 #9

Enduring Nazi Law Impedes Recovery of Art Demeter Nov 2013 #10

Japan in biggest annual exports rise for three years xchrom Nov 2013 #11

Poorest families 'need more help over debt' xchrom Nov 2013 #12

AVERAGE CREDIT CARD DEBT PER BORROWER FALLS IN 3Q xchrom Nov 2013 #13

GERMAN OFFICIAL CAUTIONS OVER MORE ECB STIMULUS xchrom Nov 2013 #14

BERNANKE: PUBLIC TRANSPARENCY VITAL TO FED POLICY xchrom Nov 2013 #15

YELLEN REITERATES SUPPORT FOR FED'S BOND BUYING xchrom Nov 2013 #16

Here's Why All The Big World Markets Have Rallied This Year xchrom Nov 2013 #17

Up to 40% Of The Obamacare Website Isn't Even Built Yet xchrom Nov 2013 #18

I'm trying to work up a little concern, but it just isn't happening Demeter Nov 2013 #19

Hi, Miss Demeter! xchrom Nov 2013 #20

The lower the temperature, the more tender Demeter Nov 2013 #21

you are a hero -- thanks for the info! xchrom Nov 2013 #22

If you have a meat thermometer, it helps Demeter Nov 2013 #28

I always cook it in the bag. Fuddnik Nov 2013 #27

RIP mr fuddnik -- we will hold a candle light vigil for you xchrom Nov 2013 #29

Retail Sales in U.S. Increased More Than Forecast in October xchrom Nov 2013 #23

Swiss Rage Against CEO Pay Provokes Vote on Salary Limits xchrom Nov 2013 #24

Consumer Prices in U.S. Decline for First Time in Six Months xchrom Nov 2013 #25

Obama Intensifies CEO Outreach as Tea Party Draws Business Ire xchrom Nov 2013 #26

One of us is nuts Demeter Nov 2013 #30

JP Morgan can deduct big chunk of $13 billion antigop Nov 2013 #31

Why No Bankers Go To Jail. jtuck004 Nov 2013 #32