Federal Reserve Board Vice Chair Janet Yellen suggested Tuesday the Fed may need to hold the federal funds rate near zero even longer than she and her fellow Fed policymakers have previously said.

And even after the Fed begins raising the overnight money market rate, it might need to keep it lower than either primary dealers expect or certain monetary policy rules prescribe, she said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.