Yellen Supports Bond Buying to European Central Bankers

Janet Yellen has a message for European central bankers struggling to decide whether more bond purchases are needed to stave off deflation: Do whatever it takes.

“Central banks need to be prepared to employ all available tools, including unconventional policies, to support economic growth and reach their inflation targets,” Federal Reserve Chair Yellen said in the text to be delivered today at a Bank of France event in Paris.