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Yellen: US Economy Stronger But Still Needs Central Bank Help

The prospective chair of the powerful U.S. Federal Reserve, Janet Yellen, says the American economy is "significantly stronger" since the depths of the 2008 global financial crisis, but still needs support from the central bank. Yellen spoke at her confirmation hearing Thursday before the Senate Banking Committee, where Republican critics of massive Fed financial support of the U.S. economy questioned her sharply about her past support of such policies. If confirmed...

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