The Ticker
Yellen: No reason to stop bond buying effort
3/4/13 1:59pm
"The level of accommodation is increasing as long as those purchases continue," said Federal Reserve Vice Chair Janet Yellen at the National Association for Business Economics Economic Policy Conference on Monday.
"And I think the [Federal Open Market Committee] has made very clear, but let me try to emphasize again my own view that once accommodation has peaked … the committee's intention is to leave that accommodation in place until well into the recovery."
