On Wednesday Federal Reserve Chair Janet Yellen stated the U.S.
Central Bank would likely end it’s bond-buying program by the fall and
begin raising interest rates in the first half of 2015. Speaking at her
first news conference as chair, Yellen discussed the bond-buying
program known as Quantitative Easing, Yellen stated that the Fed planned
to wait a “considerable time” before pushing up interest rates. When
questioned on how long a considerable time was the Chair Woman answered
with six months.
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