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U.S. Senate Committee on Banking, Housing, and Urban Affairs
Fed chief Yellen indicates stimulus cuts will continue
Fed chief Yellen indicates stimulus cuts will continue

WASHINGTON — The Federal Reserve is trying to figure out how much of the recent economic slowing was caused by the harsh winter weather, a determination that could prompt it to reconsider how fast it pulls back on its key economic stimulus. In testimony Thursday before the Senate Banking Committee, Fed Chairwoman Janet L. Yellen said the cold weather had a role in the string of data that "have pointed to softer spending than many analysts had expected." Among that data, she said, were the weak reports on job growth, housing, retail sales and industrial production. "Part of that softness may reflect adverse weather conditions, but at this point, it's...

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