News Headline Summary

Fed's Yellen says Fed is very committed to long run inflation goal of 2%

Says:
- Fed doing all it can to spur economic growth.
- Fed has tools to remove stimulus when needed and can pay interest on bank reserves.
- Fed could go period of time when income falls and could even take losses if decides to sell securities.
- Fed will rely heavily on payment of interest on reserves during eventual exit from large stimulus.

11 Feb 2013 - 14:30 - Fixed Income Bank Speaker - Source: Newswires

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