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Yellen Offers Subtle Change to Inflation, Job-Market Outlook

  • Previously said caution ‘will allow us to verify’ gains
  • Fed chair says central bank still expects ‘gradual’ rate hikes
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Janet Yellen's Senate Testimony in Two Minutes

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By offering a subtle change to her outlook from less than a week ago, Federal Reserve Chair Janet Yellen pushed the prospect of additional interest rate increases further into the future.

The head of the central bank said she and her colleagues were on watch for whether, rather than when, the U.S. economy would show clear signs of improvement, acknowledging the possibility that growth would be slow to pick up.