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Fed's Yellen says job growth is key to rate rises

Janet Yellen, president of the San Francisco Federal Reserve Bank, said in an interview published on Sunday 28 November that the Fed's pace of interest rate increases will depend on matching job growth and economic growth.

Yellen, in her first major interview since being appointed president of the regional bank in April, told the San Francisco Chronicle, "I would like to see the economy grow somewhat faster to mitigate that slack [in the job market] and get back to full employment."

The Chronicle

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