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Yellen's bet on pulling workers back to labour force pays off

Monday, July 10, 2017 - 05:50

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Ms Yellen, who argues that strong hiring will feed through to higher wages and price pressures in time, can explain her labour-market views further when she delivers semi-annual testimony to Congress this month.

Washington

EVEN as US unemployment crept lower in recent years, Federal Reserve chair Janet Yellen stuck with a glacial pace of policy tightening that she justified with a powerful message: There were still millions of potential workers to pull in from the labour market's sidelines.

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