Yellen to investors: Expect continuity at the Fed

By Martin Crutsinger

Published February 11, 2014 9:25pm ET

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Yellen to investors: Expect continuity at the Fed — FILE - In this Nov. 14, 2013, file photo, Federal Reserve Board Chair nominee Janet Yellen testifies on Capitol Hill in Washington before the Senate Banking Committee hearing on her nomination. Yellen will deliver the Fed's twice-annual report to Congress, starting Tuesday, Feb. 11, 2014 before the House Financial Services Committee and then Thursday, Feb. 13, 2014, before the Senate Banking Committee. (AP Photo/Jacquelyn Martin, File) | Jacquelyn Martin

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will embrace the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month.

Yellen told Congress that if the economy keeps improving, the Fed will take “further measured steps” to reduce the support it’s providing through bond purchases.

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