Sat, Nov 16, 2013 - Page 15 News List

Yellen stands by US Fed’s low interest rate policies

CALCULATED RISKS:The nominee for US Federal Reserve chair assured US senators she was mindful of the risks of continuing government bond purchasing

AP and Reuters, WASHINGTON

In a separate report, the US Department of Labor said initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 339,000.

However, claims for the prior week were revised to show 5,000 more applications received than previously reported. The four-week moving average for new claims, which irons out week-to-week volatility, dropped 5,750 to 344,000.

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