Yellen: Fed to support economy after she replaces Bernanke

Note: This section contains information in English only.
Source: RTT News
Janet Yellen, the newly elected chairwoman of the Federal Reserve, said on Wednesday that the monetary policy makers are ready to stimulate the U.S. economy in the future, as she personally supports the assets-buying program. Yellen warned that despite the growth in construction, housing and manufacturing sectors, the unemployment rate in the country still remains at the very high level.
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Thu, 14 Nov 2013 11:30:11 GMT

Italian economy contracts 0.1% in Q3

Economic decline in Italy reached 0.1% in the July-September quarter of the current year, while the annual GDP contraction stood at 1.9%. The results were better than economists expected, as the waited for a 0.2% drop on a quarterly basis. Italian statistical office Istat said that farming and service sectors of country's economy decreased the output, while the manufacturing sector

Thu, 14 Nov 2013 11:08:07 GMT

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