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Washington (AFP) – Federal Reserve Chair Janet Yellen said Wednesday that she still sees slack in the US jobs market but that continued moderate economic growth over the next few years should eliminate it.

But with the Fed weighing its first interest rate increase in nine years, Yellen also warned that waiting too long to raise rates from the current near-zero level could pose risks to the economy and financial markets.

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from Business Insider http://ift.tt/1NoT0Sx