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Yellen confident in US growth but stresses 'gradual' rate hikes

Federal Reserve Chair Janet Yellen expressed confidence in US economic growth Tuesday, and said the central bank would stick to a “gradual” pace of interest rate increases as headwinds from slower global growth and the oil price crash diminish. In her first public remarks since the Federal Reserve took a surprisingly dovish stance on monetary policy in its March meeting, Yellen reaffirmed an optimistic outlook for the US economy.

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