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9/11

Yellen "surprised" by weak jobs reports

Tuesday, February 11, 2014 - 02:15

Feb. 11 - Federal Reserve Chairman Janet Yellen says she was ''surprised'' by two months of weak U.S. job growth but told lawmakers that was not enough to alter plans to slow down extra stimulus. Rough Cut (no reporter narration).

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In an exchange with Democratic Representative Carolyn Maloney of New York, Fed Chair Janet Yellen told lawmakers she was surprised by anemic hiring in December and January, but said policymakers need more information before deciding the economic situation had changed enough for the Fed to alter its decision to slow bond purchases to just $65 billion a month. Rough cut. No reporter narration.

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Yellen "surprised" by weak jobs reports

Tuesday, February 11, 2014 - 02:15