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MNI: FED'S YELLEN: LIKELY NEED TO GROW BAL SHEET.....>

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MNI: FED'S YELLEN: LIKELY NEED TO GROW BAL SHEET AGAIN IN FUTURE
YELLEN: FED FUNDS RATE PRIMARY TOOL FOR MON POL
YELLEN: COULD START ASSET PURCHASES WHEN RATES NEAR 0 AGAIN
YELLEN: NEUTRAL RATE AT 2.75% MEAN LESS SCOPE TO CUT RATES
YELLEN: WON'T TAKE ANOTHER GREAT RECESSION TO DRIVE RATES TO 0
YELLEN: WILL TAKE 'SOME YEARS' FOR BAL SHEET TO NORMALIZE
YELLEN: TERM PREMIA TO RISE ONLY GRADUALLY AS ASSETS ROLL OFF
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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