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Fed to pause rate hikes, says Yellen at UBS conference

Former Fed Chair Janet Yellen called for a revaluation of US monetary policy, suggesting that just one or two more rate hikes could prevent economic overheating in the US. “It makes sense to call a timeout to evaluate policy,” Yellen said, highlighting that labour markets are growing increasingly tighter. “I would anticipate that one or two rate hikes could be needed to…

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