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Fed sees healthy unemployment a year earlier than projected

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Federal Reserve Chairwoman Janet Yellen proclaimed “welcome news” in April: The prospect of a healthy economy was within the medium-term forecast. Fed officials expected the unemployment rate to fall to near 5.5 percent, with inflation stabilizing near the Fed's 2 percent target. The forecast was “plausible,” said Yellen, and if accurate would mean that “the economy would be approaching what my...

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