Fed nominees stress importance of battling weak economy

07/18/2010 | Wall Street Journal, The

Nominees to the Federal Reserve Board indicated their support for measures that are intended to lower the unemployment rate as they stressed the importance of bolstering the economy. "Over the next few years, the Fed must craft policies that ensure that our economy accelerates its progress along the recovery path it has begun to trace," said Janet Yellen, the nominee for Fed vice chairman. "With unemployment still painfully high, job creation must be a high priority of monetary policy."

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