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US Fed Chief Sees Continued Cuts in Economic Stimulus

The new chief of the U.S. central bank says policy makers are likely to curb their direct support of the American economy in the coming months if the world's largest economy continues to advance. Federal Reserve Chair Janet Yellen said Tuesday the bank will probably continue to cut its purchase of billions of dollars of securities in "further measured steps," but has not set a timetable. The Fed has already trimmed the purchases from $85 billion a month to $65...

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