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FOMC's Yellen from Philly: Still expects gradual rate hikes appropriate if conditions met
Speaking about monetary policy and the economic outlook • Current monetary policy stance generally appropriate • Monetary policy not on a pre-set course • Other labor market indicators have been more positive • believe we are now close to elimination labor market slack • cautiously optimistic overseas headwinds are now fading • global risk require continued detention • current monetary policy is modestly accommodative • good reasons to expect further progress on phase goals • need to watch labor markets developments carefully • jobs data showed wage growth may finally be picking up • China faces ... (full story)
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