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Yellen: Economy on track for hike in interest rates this year

US labour markets are expected to improve steadily, while turmoil abroad is unlikely to throw the US economy off track

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Ms Yellen has defended also the Fed's transparency and accountability.

Washington

FEDERAL Reserve chair Janet Yellen said on Wednesday that the US central bank remains on track to raise interest rates this year, with labour markets expected to steadily improve and turmoil abroad unlikely to throw the US economy off track.

"If the economy evolves as we

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