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- Yellen says Fed independence 'is under some threat' from congressional bills. “Don't want to have to raise rates rapidly”
Yellen says Fed independence 'is under some threat' from congressional bills. “Don't want to have to raise rates rapidly”
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Fed policy independence from political pressure very important
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Economy's growth potential is likely a bit below 2 pct
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Inflation still slightly below 2 pct goal
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We think gradual path of rate hikes will get fed to neutral policy stance; can't wait too long to tighten
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We are near reaching objectives
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Appropriate policy stance is closer to neutral now
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Fed aims to allow economy to coast
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Economy mainly supported by consumer spending
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Global economy seems to be operating in slightly more robust way
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