Yellen: Fed Likely to Keep Taper in Measured Steps

Yellen: Fed Likely to Keep Taper in Measured Steps Play

May 7 (Bloomberg) -- Federal Reserve Chair Janet Yellen says the central bank expects to continue to reduce the pace of asset purchases in "measured steps" as long as there’s improvement in labor market and inflation moves back to 2 percent. She testifies before the Joint Economic Committee in Washington. (This is an excerpt. Source: Bloomberg)

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