Is Yellen Moving on Up

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The U.S. Federal Reserve (the Fed) has held the federal funds rate at nearly zero percent, seeking to bolster an ailing economy in the aftermath of the Great Recession since December 2008. Economists agree that the position is unusual, and highly unlikely to go on forever – drastic times called for drastic measures. Then again, they’ve been agreeing on that for seven years. Each year, the Fed has had ...

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