Daily Economic Indicator: Fed's Yellen discusses recovery

02/23/2010 | Reuters

Janet Yellen, president of the San Francisco Federal Reserve, said that low interest rates were still needed to help spur the economic recovery. "Even though the recession appears to be over, it does not mean that we are where we want to be. Even with my moderate growth forecast, the economy will be operating well below its potential for several years," Ms. Yellen said.

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