WASHINGTON: Janet Yellen, fresh from taking the helm of the Federal Reserve, made it clear on Tuesday she would not make any abrupt changes to US monetary policy, saying the central bank was on track to keep reducing its stimulus even though the labour market recovery was far from complete.
"By a number of measures our economy is not back, the labour market is not back, to normal," Yellen told the US House of Representatives' Financial Services Committee. "There's a great deal of slack in the labor market still."
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