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Yellen downplays threat of financial instability

Ms Yellen's central accomplishment as chair is in engineering a slow, careful exit from the unconventional easing policies that the Fed unleashed during the financial crisis.


FEDERAL Reserve chair Janet Yellen, in what may be her last appearance before Congress as head of the central bank, described a steadily brightening picture for the US economy while downplaying the risks of financial instability.

"The economic expansion is increasingly...

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