By Michelle Doell
FED chair Janet Yellen was back on Capitol Hill today to answer questions about the economy. Yesterday, she testified in front of the Senate Banking Committee. Today it was the House Financial Services Committee that got the chance to question the Fed Chair on her semi annual report to Congress.
Yellen spoke of the headwind the economic recovery is facing. Representative Steven Horsford questioned her on the slowing housing market and what the Fed was doing to correct the problem. Part of Horsford's district is Las Vegas, one of the hardest hit areas by the housing crisis.
http://www.c-span.org/video/?c4503811
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Yellen Day 1
FED Chair Janet Yellen was back on Capitol Hill today. She appeared before the Senate Banking, Housing and Urban Affairs Committee to discuss the current state of the economy and to present the FED's "Semiannual Monetary Policy Report to Congress." Yellen said the economy is continuing to make progress but has slowed in recent months.
Housing Wire's coverage of the hearing
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