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MAR 05, 2014 - Yahoo! News

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Yellen commits Fed to boost still-weak U.S. economy

By Jonathan Spicer NEW YORK (Reuters) - Federal Reserve Chair Janet Yellen vowed on Wednesday to do all that she can to boost a U.S. economy that is running well short of the central bank's objectives. "The economy continues to operate considerably short of these objectives" of maximum employment and stable prices, Yellen said according to prepared remarks at a swearing-in ceremony at the central bank in Washington. "The economy is stronger and the financial system is sounder," added Yellen, who succeeded Ben Bernanke on February 1.

Tags: Yellen commits Fed to boost still-weak U.S. economy,  Ben Bernanke Latest News