Janet Yellen, the vice chair of the Federal Reserve, said on June 6 she is "convinced" scope remains for further "balance sheet actions" by the Fed, including the possibility of a third round of quantitative easing (QE).

Speaking at the Boston Economic Club Dinner, Yellen said that "if the Committee judges that the recovery is proceeding at an insufficient pace, we could undertake portfolio actions such as additional asset purchases or a further maturity extension program". She dismissed fears