Yellen Says Fed's 5.25 Percent Rate Will Foster Growth, Slow Inflation

(Bloomberg) -- Federal Reserve Bank of San Francisco
President Janet Yellen said the central bank's stance of keeping
interest rates unchanged is most likely to achieve faster growth
and slower inflation.

``The virtues of this path are that it avoids exposing the
economy to unnecessary risk of a downturn while, at the same
time, it is likely to produce enough slack in goods and labor
markets to relieve inflationary pressures,'' Yellen said in a
speech via satellite to a conference in Singapore.


Read more at Bloomberg Currencies News