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U.S. rates have to rise further says Fed's Yellen

Janet Yellen, the president of the San Francisco Fed said in a speech Wednesday many factors are restricting growth in the U.S. economy, creating "opportunities" for the Federal Reserve to pause from its path of steady rate increases.

"We know that the current policy stance is accommodative, and that, as the expansion firms up, that degree of accommodation will have to diminish," Yellen told an Arizona State University economics lunch in Phoenix.

"But by how much and at what pace?" she added

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