Yellen Getting Fed Hawks to Work With Doves Signals Potential

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The U.S. Federal Reserve used to be a black box. Big banks employed full-time Fed watchers to study the money markets and guess what the institution was up to. When Janet Yellen was appointed a Fed governor in 1994, it was just six months after the central bank had published for the first time a statement to announce that it had adjusted benchmark interest rates.

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