Fed’s Yellen dismisses monetary policy link to commodity market boom
Janet Yellen, the vice-chair of the Federal Reserve, on Monday said recent developments in commodity prices can be explained by rising global demand and disruptions to global supply, rather than by Federal Reserve policy.
At the Economic Club of New York in New York, USA, Yellen said: "In my view, the run-up in the prices of crude oil, food and other commodities we have seen over the past year can best be explained by the fundamentals of global supply and demand, rather than by the stance of US
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