Fed's Yellen wants to keep benchmark rate at record low

04/17/2013 | Bloomberg

Federal Reserve Vice Chairwoman Janet Yellen says she sees nothing in credit markets that justifies raising interest rates and that she supports keeping the central bank's key rate at a historic low. "I don't see pervasive evidence of rapid credit growth, a marked buildup in leverage or significant asset bubbles that would threaten financial stability," she said. "But there are signs that some parties are reaching for yield, and the Federal Reserve continues to carefully monitor this situation."

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