US Federal Reserve Chair Janet Yellen gives her first testimony to Congress during a House Financial Services Committee hearing on Capitol Hill in Washington D.C., capital of the United States, Feb. 11, 2014. Yellen said on Tuesday she would continue to implement the monetary policy made by former Chair Ben Bernanke. (Xinhua/Zhang Jun)
Yellen signals continuity on monetary policy, stays course on stimulus exit
WASHINGTON, Feb. 11 (Xinhua) -- In her first testimony to the Congress, U.S. Federal Reserve Chair Janet Yellen reiterated central bank's plan to taper its stimulus exit despite recent weakness in the economy.
The current economic situation and outlook, as well as the monetary policy, were the main focus of the hearing held twice a year. Full story