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Yellen says Fed following prudent course on rates

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Fed’s Yellen says unwise to allow U.S. economy to run ‘hot’

Fed's Yellen says unwise to allow U.S. economy to run 'hot'*/

– Federal Reserve Chairman Janet Yellen delivers the semi-annual testimony on the “Federal Reserve’s Supervision and Regulation of the Financial System” before the House Financial Services Committee in Washington, U.S., September 28, 2016.REUTERS/Joshua Roberts – RTSPVG8By Ann SaphirPALO ALTO, Calif. (Reuters) – With monetary policy still modestly accommodative, the U.S. central bank should continue to raise interest rates slowly or risk harm to the recovery the Fed has sought to nurture, Federal Reserve Chair Janet Yellen said on Thursday.”I think that allowing the economy to run markedly and persistently “hot” would be risky and unwise,” Yellen said at the Stanford Institute for Economic Policy Research.
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Fed’s Yellen says global growth, fiscal policy key to outlook, Government & Economy

Fed's Yellen says global growth, fiscal policy key to outlook, Government & Economy*/

– “Surprises” in the world economy and the still undetermined spending policies of the Donald Trump administration have the potential to impact the course of US interest rate policy, Federal Reserve chief Janet Yellen said Thursday.[WASHINGTON] “Surprises” in the world economy and the still undetermined spending policies of the Donald Trump administration have the potential to impact the course of US interest rate policy, Federal Reserve chief Janet Yellen said Thursday.Speaking on the eve of Mr Trump’s inauguration, Ms Yellen’s only mention of the future president’s possible policies came in the final paragraph of a 17-page prepared speech, and was similar to her recent past statements.
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Fed’s Yellen says she’s upbeat about short-term economic outlook

Fed's Yellen says she's upbeat about short-term economic outlook*/

– The U.S. economy is doing well and faces no serious obstacles in the short term, with the labor market looking pretty strong, Federal Reserve Chair Janet Yellen said on Thursday.In the “short term I would say I don’t think there are serious obstacles.I see the economy as doing quite well,” Yellen said in a town hall meeting with educators, adding that she was worried about longer-term issues like widening income inequality and weak growth in labor productivity.
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Yellen says Fed following prudent course on rates

Yellen says Fed following prudent course on rates*/

– WASHINGTON (AP) — While unemployment has fallen significantly and inflation is starting to tick higher, Federal Reserve Chair Janet Yellen says she does not believe that the central bank has fallen behind the curve and needs to start pushing interest rates up more quickly.But Yellen says that it would be “risky and unwise” to allow the economy to overheat by keeping interest rates too low for too long.In a speech at Stanford University, Yellen says she believes the central bank is on the “prudent” course of gradually raising rates.
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