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Fed's Yellen says unwise to allow U.S. economy to run 'hot' Jan 19, 2017   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.     print     email to friend

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