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Yellen Signals Fed Won’t Be Cowed After Trump’s Election Victory

  • Fed chief says she’ll stay until her term expires in 2018
  • Yellen counsels Trump against too much fiscal stimulus
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Fed Chair Yellen: Case for a Rate Hike Remains Strong

Federal Reserve Chair Janet Yellen signaled that the central bank wasn’t about to roll over in the face of Donald Trump’s surprise election victory last week.

She told lawmakers on Thursday that she intends to stay in the job until her term expires in January 2018 while extolling the virtues of the Fed’s independence from political interference.