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article imageYellen: Rate hike marks 'end of an extraordinary 7-year period'

By AFP     Dec 16, 2015 in Business

Federal Reserve Chair Janet Yellen said Wednesday the Fed's first rate increase since 2006 marks the "end of an extraordinary seven-year period" of easy-money policy begun in the Great Recession.

But Yellen stressed that it was "important not to overblow the significance" of the quarter-point rate increase, saying Fed policy will remain accommodative over the medium term.

More about US, Economy, Bank, Rate, Yellen
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