Here's The Full Presentation Where Janet Yellen Makes The Case For More QE


Photo: Federal Reserve

Janet Yellen, vice chairmen of the Fed, gave a presentation at the Boston Economic Club this evening, with many interpreting it as a ringing endorsement for greater monetary easing.”Prolonged weakness in the housing sector remains one of several serious headwinds facing the U.S. economy,” Yellen said. “Given these headwinds, I believe that a highly accommodative monetary policy will be needed for quite some time to help the economy mend.”

Heading into the Federal Reserve’s June 19 and 20 meeting, investors are keenly on the lookout for any indication¬†about the central bank’s potential action.

Already, U.S. futures are up on the report and Asian markets are rallying. 

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