Yellen Says Fed Should Press on With QE Amid Limited Risk

Federal Reserve Vice Chairman Janet Yellen said the Fed should press on with $85 billion in monthly bond buying while tracking possible costs and risks from the unprecedented program.

“Turning to the potential costs of the Federal Reserve’s asset purchases, there are some that definitely need to be monitored over time,” Yellen said today in a speech in Washington. “At this stage, I do not see any that would cause me to advocate a curtailment of our purchase program.”