Daily Economic Indicator: Yellen confident about recovery

04/16/2010 | Bloomberg

Federal Reserve Bank of San Francisco President Janet Yellen expressed increasing confidence in the economic recovery and said policymakers will need to raise interest rates "at some point." "We've been getting some pretty encouraging news," Ms. Yellen said. "It's been a long time coming and is very welcome indeed." However, "it's important not to lose sight of just how fragile this recovery is."

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