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    Yellen Strongly Defends Easy Fed Policies, Cites Labor Slack

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    Wochit Headline News

    by Wochit Headline News

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    Federal Reserve Chair Janet Yellen said on Monday that the U.S. central bank's "extraordinary" commitment to boosting the economy, especially the still-struggling labor market, will be needed for some time to come. Yellen, in her first public speech since becoming Fed chair two months ago, strongly defended the Fed's policies of low interest rates and continued bond-buying, saying there remains "considerable" slack in the economy and job market.