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Yellen on support of recovery
In a speech at the 2014 National Interagency Community Reinvestment Conference in Chicago, Chairman Yellen discussed the actions taken by the Federal Reserve to help the recovery from the financial crisis and the Great Recession. She indicated the U.S. economy is still considerably short of the two goals assigned to the Federal Reserve by the Congress—maximum sustainable employment and stable prices—and "that there remains considerable slack in the economy and the labor market." She also said, "Earlier this month, the Fed reiterated its overall commitment to maintain extraordinary support for the recovery for some time to come."