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Reuters
WASHINGTON
Federal Reserve Chair Janet Yellen said on Friday that asset purchases and other unconventional policy tools must remain part of the Fed's arsenal as long as the economy remains stuck in a low interest-rate economy.
Yellen's remarks offered a contrast between her legacy as Fed chair with the policy views of others who President Donald Trump is considering for her position when her term expires in February. Yellen told the National Economists Club,"We must keep our unconventional policy tools ready to be deployed again."
Reaching the near-zero lower bound would force the Fed to turn to other means to stimulate the economy.
