News
NY Times | Fed May Extend Support Past 2014, Official Says
Janet L. Yellen, the vice chairwoman of the Federal Reserve, said Wednesday that the lackluster trajectory of the economic recovery might require the Fed to continue its efforts to bolster growth even beyond the end of 2014.
Market Watch | Fed’s Yellen makes case for keeping rates low
The Federal Reserve’s number-two ranking official on Wednesday made the case for keeping interest rates low for some time, arguing the economy will continue to grow only gradually and that the unemployment rate will remain high for years.
Bloomberg | U.S. Producer Costs Minus Food, Fuel Rise More Than Forecast
Wholesale prices in the U.S. excluding food and fuel rose more than forecast in March, led by a pickup in the costs of light trucks and soaps.
