Yellen: Fed’s Tool Kit Is `Limited’

Janet Yellen gave her first testimony as Federal Reserve Chair before the House Financial Services Committee Tuesday: "Since the financial crisis and the depths of the recession, substantial progress has been made in restoring the economy to health and in strengthening the financial system. Still, there is more to do. Too many Americans remain unemployed, inflation remains below our longer-run objective, and the work of making the financial system more robust has not yet been completed. I look forward to working with my colleagues and many others to carry out the important mission you have given the Federal Reserve."

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