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Fed's rate decision will be affected by numbers, history

Policymakers may or may not consider lessons of 1937 before deciding on rates, but the changing economic conditions could play a more important role in affecting their decision

The US jobless rate has been falling, but there remain concerns about the stagnant wages of workers.

TAKE a look at the newspaper headlines reporting on the last meeting of the Federal Reserve policymakers, and you get a sense of the dilemma that is facing Fed chair Janet Yellen and her colleagues at the US central bank: to raise or not to raise short-term interest rates, which the Fed has held