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Fed Waiting For Thaw To Show Economy’s Health

Friday, February 28, 2014 - 6:34 AM
From the New York Times:
Janet L. Yellen, the Federal Reserve chairwoman, said on Thursday that the Fed was looking closely at a recent run of disappointing economic data as it considers how quickly to retreat from its economic stimulus campaign.

Ms. Yellen said that cold weather had contributed to the slowdown, but that the Fed had not been able to determine whether the harsh winter across the eastern half of the nation was a complete explanation.
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600