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Q&A Randle / Kyle / US Econ / Yellen


Top Officials Of The US Central Bank, Or Federal Reserve, Who Set The Key American Interest Rate Also Known As The Federal Open Market Committee Cut Interest Rates Nearly To Zero A Couple Of Years Ago To Stimulate The Economy. Now That The Economy Is Recovering, Less Stimulus Is Needed, And Eventually, Interest Rates Will Gradually Be Raised From Their Current Zero To One-Quarter Of One Percent Range To A More Normal Level Of Two, Three Or Four Percent. Federal Reserve Chair Janet Yellen Says That Gradual Change Might Come Sooner It Conditions Improve More Quickly Than Now Expected. For Some Perspective On All Of This ... VOA's Jim Randle Spoke With Steven Kyle, Professor Of Applied Economics At Cornell University, For His Read On Yellen's Tuesday Testimony Before The Senate Banking Committee.

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