Yellen: Labor Market Recovery `Far From Complete'

Feb. 11 (Bloomberg) -- Federal Reserve Chairman Janet Yellen says the U.S. labor market recovery is "far from complete." Yellen, delivering her first public remarks as Fed chairman, testifies before the House Financial Services Committee in Washington. (This is an excerpt. Source: Bloomberg)

Are Low Oil Prices Here to Stay?
42:41 - Vitol Group Chief Executive Officer Ian Taylor says crude oil will likely hover between $40 and $60 a barrel for 10 years. The lower boundary would imply little recovery for Brent crude, the global benchmark, whereas the upper limit would put prices back to the level of July 2015, when the oil industry was already taking measures to weather the crisis. The forecast would mean oil-rich countries and the energy industry would face the longest stretch of low prices since the 1986-1999 period, when crude mostly traded between $10 and $20 a barrel.
  • When Will Markets Start Feeling Confident Again?
  • Euro-Dollar Party Depends on Fed Rate Hikes: Juckes
  • Investors Search for a New Measure of Bank Liquidity