Fed taking 'forceful action' on economy, Yellen says

The Federal Reserve’s aggressive easing of monetary policy is warranted given the still-battered state of the US labour market, Fed vice chairwoman Janet Yellen said.

In an address to the politically influential AFL-CIO, the largest US labour group, Yellen, a potential successor to Fed Chairman Ben Bernanke next year, bemoaned the unusually weak nature of the economic expansion.

via Business feed http://www.scmp.com/business/economy/article/1148545/fed-taking-forceful-action-economy-yellen-says