Federal
Reserve Chair Janet Yellen, on Monday said that given the halting pace of the
recovery and a still moribund job market, the Federal Reserve will continue to
bolster the U.S. economy
She
also gave a strong defence of the central bank’s easy-money policies on Monday,
saying its “extraordinary” commitment to boosting the economy, especially the
still struggling labour market, will be needed for some time to come.
In
her first public speech since becoming Fed chair two months ago, Yellen cited
the struggles of three American workers in backing the policies of low interest
rates and continued bond-buying. She said there remains
