2018-06-01
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The main takeaway from Federal Reserve Chairwoman Janet Yellen's testimony before the Senate Banking Committee was that central bank policy is on cruise control until officials get a better read on the economy's performance. The Fed will continue to gradually reduce its monthly bond purchases unless officials decide the economy has slowed substantially. A recent spate of bad weather in parts of the country make it hard to form a judgment now, Ms. Yellen said.
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