Yellen Takes Control of Fed Message to Stress Gradual Approach
- Fed chair spells out what officials need to see for rate hikes
- Data dependence places dollar, growth abroad in sharp focus
Janet Yellen: Reading on U.S. Economy Somewhat Mixed
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Federal Reserve Chair Janet Yellen spelled out on Tuesday what she means by data dependence, asserting her leadership of the U.S. central bank with a clear message that interest rates will be raised at a cautious pace.