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QE Infinity

As if there was any surprise that Yellen was fundamentally an uber dove, she just confirmed it. Here are the key highlights from her speech from Bloomberg.
  • YELLEN SEES `CONSIDERABLE SLACK' IN ECONOMY, LABOR MARKET
  • YELLEN SAYS QE TAPER DOESN'T MEAN REDUCED STIMULUS COMMITMENT
  • YELLEN SAYS ECONOMY, JOB MARKET `ARE NOT BACK TO NORMAL HEALTH'
  • YELLEN SAYS FED SHORT OF REACHING EMPLOYMENT, INFLATION GOALS
  • YELLEN SAYS POST-CRISIS LABOR MARKET STRENGTHENED CONSIDERABLY
  • YELLEN SAYS FED TAKES ITS 2% INFLATION GOAL `VERY SERIOUSLY'
  • YELLEN SAYS DECLINE IN JOBLESS `GRADUAL BUT REMARKABLY STEADY'
  • YELLEN SAYS ECONOMY NEEDS EXTRAORDINARY SUPPORT FOR `SOME TIME'
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