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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.


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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