Yellen Rebuffs Pressure to Hike as Fed Gives Economy Room to Run

September 21, 2016 10:21 PM

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Federal Reserve Chair Janet Yellen braved mounting opposition inside and outside the U.S. central bank and delayed an interest-rate increase again to give the economy more room to run.

While agreeing that the case for a rate rise had strengthened, Yellen on Wednesday argued that it made sense to put off a move for now amid signs that discouraged Americans who dropped out of the labor market are returning and looking for work.

Also read: Fed officials discussed possible rate hike 'fairly soon'

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