New Fed chair's 'dashboard' of job-market gauges

Federal Reserve Chair Janet Yellen smiles during her first news conference at the Federal Reserve in Washington, Wednesday, March 19, 2014. The Federal Reserve is seeking to clarify when it might start to raise short-term interest rates from record lows. The Fed also says it will cut its monthly long-term bond purchases by another $10 billion to $55 billion because it thinks the economy is strong enough to support further improvements in the job market. (AP Photo/Susan Walsh)WASHINGTON (AP) — The Federal Reserve on Wednesday downplayed the unemployment rate as a guide to the U.S. economy’s health. But Janet Yellen, the new Fed chair, didn’t leave investors in the dark.

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