2014-04-20

Fwd: Six months

'Six months may be history.

 

Federal Reserve Chair Janet Yellen, in her speech today, emphasized that the central bank is maintaining maximum flexibility on monetary policy and moving away from schedules for raising the benchmark interest rate.

 

"We need to be alert to what is happening in the economy and to respond to what we see happening, and not a fixed idea that we perhaps held at some earlier time about what will come to pass," she said 


http://www.businessweek.com/news/2014-04-16/yellen-s-six-months-fade-as-she-emphasizes-policy-flexibility

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