Fed's Yellen: US economy improving but recession effects still evident

FXStreet (Łódź) - Speaking at an economic conference in Washington on Thursday, Fed chair Janet Yellen avoided the topic of monetary policy when delivering her prepared remarks.

• US economy seen improving, although recession effects persist.

• "Fed will continue promoting asset building, the US needs a greater diversification of assets.

• Lower-income households suffered most during the crisis, Yellen points out.

• Improving housing market will remain crucial for family assets.