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Yellen stands by Fed's low rate policies

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WASHINGTON (AP) — Janet Yellen made clear Thursday that she's prepared to stand by the Federal Reserve's extraordinary efforts to pump up the economy when she's chairman, if that's what it needs. During a two-hour confirmation hearing before the Senate Banking Committee, Yellen embraced her so-called "dovish" reputation and expressed strong support for the Fed's low interest-rate policies. And...

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