Looming Fed rate decision a test of Yellen's jobs vision

September 17, 2015 5:08 AM

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Looming Fed rate decision a test of Yellen's jobs vision

WASHINGTON Fed Chair Janet Yellen has made clear she would rather delay an interest rate hike for too long than move sooner and risk jeopardizing a tepid economic recovery, a conviction that will face its sharpest test yet on Thursday.

Having weighed the economy's steady march toward full employment against the backdrop of weak inflation and wage growth and turbulence overseas, the U.S. central bank will issue its latest rate decision at the end of a two-day policy meeting.

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