Fed's Yellen says stimulus could be scaled back

04/5/2013 | USA Today · Bloomberg

Federal Reserve Vice Chairwoman Janet Yellen says the central bank's bond-buying program could be gradually reduced as labor-market conditions improve. Modifying the rate of asset purchases in response to joblessness "should reduce the risk of misunderstanding and market disruption," she said. The statement is viewed as a signal that Yellen favors reducing bond buying from its monthly rate of $85 billion.

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USA Today · Bloomberg

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