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Wednesday, Jun 6
2012, 8:16 PM
In her speech tonight at the Boston Economic Club, Fed Vice Chair Janet Yellen suggests the Fed...
In her speech tonight at the Boston Economic Club, Fed Vice Chair Janet Yellen suggests the Fed may be close to taking more easing steps this month in response to ongoing housing problems, a weak jobs market and the escalating euro zone crisis. "There are a number of significant downside risks to the economic outlook," Yellen says, "Hence it may well be appropriate to insure against adverse shocks that could push the economy into territory where a self-reinforcing downward spiral of economic weakness would be difficult to arrest."