Yellen Repeats Testimony

Federal Reserve Board Chair Janet Yellen repeated to the Senate Banking Committee the testimony she initially gave to the House on February 11.

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The second part of her Humphrey-Hawkins appearance, first scheduled for February 13, was delayed until Thursday by weather.

Yellen noted data since her House appearance have been soft, which she attributed partly to "adverse weather conditions," but said policymakers will keep an eye on upcoming releases to determine "whether the recovery is progressing in line with our earlier expectations."


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