Janet Yellen: Fed To Stay The Course On Taper

Janet Yellen, in her first speech as new Fed chair "stayed the course" on the Taper:

• *YELLEN SAYS FOMC LIKELY TO CONTINUE QE TAPER IN MEASURED STEPS
• *YELLEN SAYS RECOVERY IN LABOR MARKET IS `FAR FROM COMPLETE'
• *YELLEN SAY FED TO `CONTINUE TO MONITOR FOR EMERGING RISKS'
• *YELLEN: MAIN RATE LIKELY TO BE LOW WELL PAST 6.5% JOBLESS RATE

Of course, the Q&A (and hawkish follow-up panel) may well be the "common knowledge" setting moment for today but for now, the Taper is on and forward-guidance
On Growth...
*YELLEN PREDICTS MODERATE GROWTH IN ECONOMY, JOBS IN 2014, 2015
*YELLEN SAYS ECONOMY GAINED

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