Yellen says Fed to stay course on taper

New Federal Reserve chair Janet Yellen said Monday that she had no plans to change monetary policy from that mapped out by her predecessor Ben Bernanke.

In her first comments on the US central bank's path forward after the took the helm on February 1, Yellen said the Fed would continue to slowly reel in its huge stimulus while keeping a close eye on the labor market, where recovery remains "far from complete."