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Continued QE 'needed amid job market slack'

Rates may stay low for a considerable period after bond buying ends: Yellen
Wednesday, July 16, 2014 - 06:00

[WASHINGTON] US Federal Reserve Chair Janet Yellen told lawmakers the central bank must press on with monetary stimulus as "significant slack" remains in labour markets and inflation is still below the Fed's goal. "A high degree of monetary policy accommodation remains appropriate," Ms Yellen