Yellen Says It’s Important Not to Remove Support Too Soon

Janet Yellen, the nominee to be chairman of the Federal Reserve, said the central bank should take care not to withdraw stimulus too early.

“It’s important not to remove support, especially when the recovery is fragile and the tools available to monetary policy, should the economy falter, are limited given that short-term interest rates are at zero,” she said in testimony to the Senate Banking Committee in Washington today.

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