Yellen doesn't comment on policy at conference on savings
Reuters
Published Sep 18, 2014 08:50AM ET
Yellen doesn't comment on policy at conference on savings
WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen did not comment on the central bank's most recent policy decisions or the U.S. economy in pre-recorded remarks to a conference on savings among low-income families on Thursday.
Yellen's remarks were delivered to a meeting of the Corporation for Enterprise Development a day after the Fed's main policy committee decided to keep its current interest rate guidance intact.
The short statement by the Fed chair noted that the financial position of many low and middle income families remained below where it was before the 2007 to 2009 financial crisis as a result of depressed housing values and a drop in income.
(Reporting By Howard Schneider; Editing by Chizu Nomiyama)
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.