SAN DIEGO (Reuters) - Federal Reserve Vice Chair Janet Yellen reiterated on Saturday that the U.S. central bank will use its ability to pay interest on excess bank reserves to tighten monetary policy at some stage in the future.
"We are quite likely and have decided we will almost surely rely on varying that - the level of interest on reserves - when the day comes when we will be ready to exit a period of accommodative monetary policy," she told a panel discussion at the annual meeting of the American Economic Association.
(Reporting by Alister Bull; Editing by Andrea Ricci)
Doctors Will Be the Scapegoats in the Coming Obamacare Disaster | Human Events
President Obama, Commute Sharanda Jones' Sentence | RedState
Nick Adams - Not a Single Illegal Immigrant in 7 Months... In Australia
Police officer shot and killed during traffic stop in #FoxLake; Manhunt underway; Update: 3 suspects at large
Thomas Sowell - A Revealing Clue
Father of Murder Victim Will Campaign For Gun Control, After He Buys One - Bearing Arms - Anti-Gun Hysteria
Todd: The convenience argument is the worst Hillary can use, you know - Hot Air