Fed’s Yellen: Can’t have accommodative policy for too long
Written on November 18, 2009
Federal Reserve Bank of San Francisco President Janet Yellen said on Tuesday the U.S. economy would grow into next year and accommodative policies could not be maintained for too long.
“I feel sanguine the economy will grow into next year,” Yellen said in Hong Kong no credit check payday loan.
But she said the pace of recovery would be slow.
(Reporting by Kevin Plumberg; Editing by Mike Peacock)
Filed in: economics.