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Yellen legacy-to-date sparkles on jobs but stumbles on inflation
However, low rates of inflation haven't hurt the US economy, and prices are rising gradually with wages
Ms Yellen was characterised as a monetary "dove" when it came to inflation.
PHOTO: REUTERS
Washington
ON the employment side of the Federal Reserve's twin objectives, chair Janet Yellen's track record so far has been a sparkling success. On the other, there's a problem with a stubborn, uncooperative indicator: inflation.
The Fed's preferred price measure has averaged 1.1...
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