Yellen Repeats Uncertainty Warrants `Cautious Approach' by Fed
- Fed chair makes remarks in interview with Time Magazine
- `We are focused on Main Street' to boost jobs, Yellen says
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Federal Reserve Chair Janet Yellen said that the central bank has to move with care as it sets monetary policy to avoid taking decisions that do more harm than good to the U.S. economy.
“We necessarily operate in an environment in which there’s a great deal of uncertainty,” she told Time Magazine in an interview published online Wednesday. “In such an environment, it makes sense to use a risk-management approach to identify and avoid the big mistakes. That’s one reason I favor a cautious approach.”