Yellen Says Fed's 5.25 Percent Rate Will Encourage Growth, Slow Inflation

(Bloomberg) -- Federal Reserve Bank of San Francisco
President Janet Yellen said keeping interest rates unchanged is
the best way to achieve faster growth and slower inflation in
the U.S. economy.

``The virtues of this path are that it avoids exposing the
economy to unnecessary risk of a downturn while, at the same
time, it is likely to produce enough slack in goods and labor
markets to relieve inflationary pressures,'' Yellen said in a
speech via satellite to a conference in Singapore.


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