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Tag: fed dove

Yellen: Economy Still Needs Fed Stimulus – Wages Rising Too Slowly, Fed Chair Says

NEW YORK (CNNMoney) - Although the job market is improving, it's still not strong enough to fully satisfy Federal Reserve Chair Janet Yellen. Wages are rising too slowly, and too few Americans are participating in the job market, she told senators on Tuesday. "Although the economy continues to improve, the recovery is not yet complete," Yellen said in testimony before the Senate Banking, Housing [...]