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VOL. 128 | NO. 198 | Thursday, October 10, 2013

Yellen: More Needed to Strengthen the Recovery

AP

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WASHINGTON (AP) – Federal Reserve Vice Chair Janet Yellen says more needs to be done to strengthen the U.S. economy. She made her remarks as Obama nominated her to succeed Ben Bernanke as chair of the nation's central bank.

Yellen said the past six years have been tumultuous for the economy and challenging for many Americans. She said that while the recovery is not complete, quote, "We have made progress, the economy is stronger and the financial system is sounder."

She said considerable credit for the recovery goes to Bernanke. She said it was a privilege to serve with him and learn from him.

Bernanke's term ends Jan. 31. If confirmed by the Senate, Yellen would be the first woman to head the Federal Reserve.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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