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Yellen signals Fed shifting focus to sustaining growth

"Looking forward, I think the economy is going to continue to grow at a moderate pace. Our job is going to be to try to set monetary policy to sustain what we have achieved," says Ms Yellen.

New York

JANET Yellen, the Federal Reserve chairwoman, said on Monday that the Fed was shifting its focus from stimulating the economy to keeping growth on an even keel.

She said the economy was "pretty healthy", thanks in part to the Fed's long-running stimulus campaign, which the...

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