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Bonds Are a 'Safe' Investment: A Big Lie Gets Even BiggerSan Francisco Federal Reserve Bank President Janet Yellen is on the wires again, becoming the latest Fed governor to note that the U.S.'s economic slowdown is bigger than she expected, Bloomberg News reported Tuesday.
Last week Fed Chairman Ben Bernanke and Vice Chairman Donald Kohn also noted that credit market woes fed by subprime mortgage and related asset defaults tipped the scales toward 'the downside risks to growth.'
Yellen said recent data on retail sales and consumer spending were not that encouraging, Bloomberg News reported.
Last week Fed Chairman Ben Bernanke and Vice Chairman Donald Kohn also noted that credit market woes fed by subprime mortgage and related asset defaults tipped the scales toward 'the downside risks to growth.'
Yellen said recent data on retail sales and consumer spending were not that encouraging, Bloomberg News reported.
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