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Fed's Yellen Hopes Fed Able to 'Exit' Easy Monetary Policy
Market News International | Monday, January 7, 2013
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Federal Reserve Vice Chairman Janet Yellen expressed the hope Saturday that the Fed will be able to "exit" from its very loose monetary policy, but gave no sense of when that will be possible.

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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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