Yellen pledges easy money

US MARKETS jumped yesterday after Federal Reserve chair Janet Yellen said the Fed will keep providing “extraordinary support for the recovery for some time to come”, pulling back from her previous remarks on hiking rates.

Yellen’s dovish comments implied the Fed will keep supporting the economy for some time, as she admitted that there is still “considerable slack” in the economy.

The comments row back on previous hints rates could go up shortly after tapering ends.