Yellen Says Fed to Have Big Balance Sheet for Some Time
This article is for subscribers only.
Federal Reserve Chair Janet Yellen said policy makers have the necessary tools to raise interest rates at the appropriate time and that the central bank will continue to hold a large balance sheet “for some time.”
Discussions on exiting from record monetary accommodation now under way “are in no way intended to signal any imminent change” in policy, Yellen said at a press conference in Washington following the central bank’s policy meeting.