Headline Details

Yellen: Fed should commit to future 'booms' to make up for major busts

Published on: Fri, 14 Sep 2018 15:05:10 UTC
News Agency: Reuters
Description:
The U.S. Federal Reserve should commit to letting economic booms run on enough to fully offset collapses like the 2007 to 2009 Great Recession, former Fed chair Janet Yellen said on Friday, urging the central bank to make "lower-for-longer" its official motto for interest rates following serious downturns.

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