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Ben Bernanke
Fed Chair Yellen must weigh U.S. growth against global slowdown
Fed Chair Yellen must weigh U.S. growth against global slowdown

Now comes the tough part for Federal Reserve Chairwoman Janet L. Yellen. After winding down the central bank's bond-buying stimulus without roiling financial markets, Yellen begins her second year on the job next week with the more difficult task of deciding when to start raising the Fed's key interest rate, which has been near zero since late 2008. Her job has been complicated by something she has little control over: the troubled state of the global economy. She and her Fed colleagues now must weigh improving economic growth at home against a slowdown in much of the rest of the world — a situation that has driven up the value of the dollar and is starting to crimp...

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