Yellen says Fed’s focus has shifted to holding growth gains

JANET YELLEN, chair of the U.S. Federal Reserve, said the U.S. central bank’s task has shifted from a post-crisis exercise of healing the economy to one aimed at holding on to progress made. /BLOOMBERG NEWS PHOTO/ANDREW HARRER
JANET YELLEN, chair of the U.S. Federal Reserve, said the U.S. central bank’s task has shifted from a post-crisis exercise of healing the economy to one aimed at holding on to progress made. /BLOOMBERG NEWS PHOTO/ANDREW HARRER
WASHINGTON - Federal Reserve Chair Janet Yellen said the U.S. central bank’s task has shifted from a post-crisis exercise of healing the economy to one aimed at holding on to progress made. “Before, we had to press down on the gas pedal trying to give the economy all of the oomph that we possibly could,”…

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