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Fed’s Yellen Sees Possible December Rate Hike

WASHINGTON — Federal Reserve Chair Janet Yellen pointed Wednesday to a possible December interest rate “liftoff” but said rates would rise only slowly from then on to nurture the U.S. economic recovery. In her first public comments since the Fed’s meeting last week Yellen laid out what now...
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Yellen Says ‘Looking Forward’ to Day of Rate Hike

WASHINGTON — Federal Reserve Chair Janet Yellen said Wednesday she was “looking forward” to a U.S. interest rate rise that will be seen as a testament to the economy’s recovery from recession. Fed policymakers are widely seen raising interest rates for the first time in almost a decade...
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December Rate Hike Assured, Yellen Faces Future Battles

WASHINGTON and PHILADELPHIA — Federal Reserve Chair Janet Yellen has the evidence of U.S. labor market health she wanted in order to raise benchmark interest rates for the first time in a decade this month, but she may have a tougher time selling further hikes. Yellen’s arguments against...
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Yellen Signals Growing Likelihood of December Rate Hike

WASHINGTON — Federal Reserve Chair Janet Yellen told Congress Thursday that economic conditions appear to be improving enough for policymakers to raise interest rates when they meet in two weeks — as long as there are no major shocks that undermine confidence. Yellen said that even after the...
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