Speaking at a conference in Chicago, Janet Yellen said the American economy would need enhanced support for a while as it looks sluggish; what is more, the labour market has not yet got back on track.
Ms. Yellen also added that tapering should not be taken as a sign that the Federal Reserve has given up economic stimulus at all. She is sure the Fed should carry on with the policy aimed at maintaining economic revival for the time being. And the majority of the FOMC members agree with her.
The Fed's objective is to bring the unemployment rate down to 5.2-5.6%. The recent drop in the jobless rate to 6.7% failed to trigger wages growth. Around 7 million partly-employed Americans are still seeking for full-time jobs.
