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Janet Yellen: 'Optimal' to Keep Near-Zero Rate to 2016
Market News International | Wednesday, November 14, 2012
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Federal Reserve Board Vice Chair Janet Yellen suggested Tuesday the Fed may need to hold the federal funds rate near zero even longer than she and her fellow Fed policymakers have previously said.

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Opinion

Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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