Fed rate hike: will Yellen get it right?
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New York
AS the job market gains steam, US Federal Reserve chairwoman Janet Yellen faces a massive challenge to adjust her monetary levers just right: she wants to keep the recovery going without stoking a bubble or spurring inflation. It's a delicate balance that has bedevilled many central bank chiefs in the past.
A dramatic drop in US bond yields over the past year might be just what Ms Yellen needs to strike that balance, according to two International Monetary Fund (IMF) economists.
