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Yellen sticks to her guns as global market rout worsens

She still expects Fed to gradually raise rates this year

UNDER PRESSURE: Ms Yellen has acknowledged financial markets concerns over the effect of falling oil prices on US inflation.


FEDERAL Reserve chair Janet Yellen returned to Congress on Thursday and again stressed that the US central bank was not on a "pre-set" path to return policy to "normal", given a worsening meltdown in global stock markets.

But, testifying for a second day before US