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    Speaking on Friday, Federal Reserve Chair Janet Yellen said that the U.S. economy is well positioned for growth despite the persistence of certain problems on a global scale. She noted that she expects the interest rate to be raised this year.

     

     

    "If the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target," Yellen noted.


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