Yellen: “U.S. Has Further to Go to Achieve” Healthy Economy

Federal Reserve Chair Janet Yellen said the U.S. economy has further to go to achieve full health and predicted small businesses will play a vital role in the recovery.

Job creation is “crucial to this process,” and small companies “are responsible for a large share” of new employment, Yellen said today in Washington in the text of remarks prepared for a speech to owners of small companies and officials from the U.S. Small Business Administration.

“America has come a long way since the dark days of the financial crisis, and small businesses deserve a considerable share of the credit for the investment and hiring that have brought that progress,” Yellen said. “Although we have come far, it is also true that we have further to go to achieve a healthy economy, and I am certain that small businesses will continue to play a critical role in reaching that objective.”

BusinessWeek

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