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Tuesday, July 15, 2014

Yellen Says U.S. Economy Continues to Improve

WSJ - Federal Reserve Chairwoman Janet Yellen signaled continued low interest rates in her semiannual report to Congress, noting that the U.S. economic recovery is "not yet complete" and too many Americans remain unemployed.

"A high degree of monetary policy accommodation remains appropriate," Ms. Yellen said in a statement prepared for her testimony to the Senate Banking Committee, the first of two days of congressional hearings on the economy and monetary policy.

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