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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 This material may not be published, broadcast, rewritten or redistributed.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 116 449 13,289
MORTGAGES 148 608 16,706
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 198 979 28,729
BANKRUPTCIES 60 332 9,947
BUSINESS LICENSES 23 102 4,357
UTILITY CONNECTIONS 80 432 16,321
MARRIAGE LICENSES 20 97 3,473

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