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Bernanke Says Yellen's Tough Decision Turns on Global Headwinds
Former Federal Reserve Chairman Ben Bernanke said weighing the effect of the slowing global economy will be key to the U.S. central bank’s decision on when to raise interest rates. “She’s got some tough calls,” Bernanke said in an interview aired Sunday on CNN’s Fareed Zakaria GPS, referring to Fed Chair Janet Yellen. “The tough decision that she and her colleagues have to make is, is there enough domestic momentum to keep us moving forward despite these drags from abroad.” The world’s largest economy has recently shown evidence it is “pretty strong,” said Bernanke, citing the housing sector, auto ... (full story)
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