Yellen Says US Economy Still Needs Help, Housing Poses Risk

(Reuters) - Federal Reserve Chair Janet Yellen said on Wednesday the U.S. economy was still in need of lots of support given the "considerable slack" in the labor market, adding that the housing sector's weakness and geopolitical tensions posed risks. Even as she took note of "appreciable" improvements in the jobs market, Yellen told a congressional committee a high rate of long-term unemployment and a slow rise in worker pay suggested plenty of room for further job gains.