World Economy

Yellen Message to Europeans

Yellen Message to EuropeansYellen Message to Europeans

Janet Yellen has a message for European central bankers struggling to decide whether more bond purchases are needed to stave off deflation: Do whatever it takes, Bloomberg reported. “Central banks need to be prepared to employ all available tools, including unconventional policies, to support economic growth and reach their inflation targets,” Federal Reserve Chair Yellen said in the text to be delivered today at a Bank of France event in Paris. Yellen spoke as European Central Bank officials appeared divided over how far they should go in pursuing bond purchases.