Yellen: Slack US labor market still needs Fed support | Bangkok Post: news

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Yellen: Slack US labor market still needs Fed support

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Federal Reserve chief Janet Yellen argued Monday that the US labor market remains slack and that Fed policy needs to stay focused on generating jobs.  

US Federal Reserve Chair Janet L. Yellen leaves after a briefing at the Federal Reserve March 19, 2014 in Washington, DC.

In the clearest delineation of her priorities since taking the helm of the central bank in February, Yellen said the steady fall in the official unemployment rate to 6.7 percent masks deep weaknesses in the jobs market.

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