Yellen has broken with Bernanke in the past, however. At a 2007 Fed meeting, Bernanke dismissed the danger posed by rising mortgage defaults, saying “the economy looks to be healthy.”
Yellen, a former University of California at Berkeley professor of economics, voiced the opposite opinion.
“The risk for further significant deterioration in the housing market, with house prices falling and mortgage delinquencies rising further, causes me appreciable angst,” she said, according to a transcript.
Yellen said in her Nov. 14 confirmation hearing that she'll maintain the bond-buying program until a “strong recovery” convinces her to end it. She didn't provide details on how she might taper the program.
Read more: http://triblive.com/business/headlines/5342257-74/yellen-fed-housing
