Last week, markets were again in reflections regarding the “expiration date” of the quantitative easing program implemented by the US Government. Market participants were eager to see the speech of Janet Yellen nominated by US President Barack Obama to the Chair of the Federal Reserve System (FRS). Theses of Mrs. Yellen’s speech turned out to be favorable for the market. She noted that the US economy and labor market were “performing far short of their potential” and, thus, needed support of the central bank.
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