Fed's Yellen: QE taper doesn't equal less commitment to stimulus

FXStreet (Łódź) - Fed chair Janet Yellen, who who is speaking at a conference in Chicago, says that the US needs extraordinary support for some more time.

• Tapering of the QE program doesn't mean that Fed's commitment to stimulus is reduced.

• The US economic and labor market situation are still unsatisfactory.

• The drop in the unemployment rate is gradual but steady.

• The continuation of Fed's low rate policies is necessary to boost employment.