Yellen’s tightrope walk in first Q&A as Fed chair

By Josh Boak

Published March 20, 2014 4:04am ET

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Yellen’s tightrope walk in first Q&A as Fed chair — A television screen on the floor of the New York Stock Exchange shows Federal Reserve Chair Janet Yellen's first news conference, in Washington D.C., Wednesday, March 19, 2014. The Federal Reserve is seeking to clarify when it might start to raise short-term interest rates from record lows. The Fed also says it will cut its monthly long-term bond purchases by another $10 billion to $55 billion because it thinks the economy is strong enough to support further improvements in the job market. (AP Photo/Richard Drew) | Richard Drew

WASHINGTON (AP) — At her first news conference as Federal Reserve chair, Janet Yellen had a message for the financial world: The U.S. economy may need several more years to fully heal from the Great Recession.

With investors around the world hanging on her words, she conveyed the calm voice of authority she’s been known for in her decades as a policymaker, regulator and professor.

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