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How Long is Six Months, Really?
The Wall Street Journal's Daily Report on Global Central Banks for Thursday, March 20 Sign up for the newsletter: http://on.wsj.com/grandcentralsignup . "It probably means something on the order of around six months or that type of thing." Janet Yellen during her inaugural press conference as Fed chairwoman, on the definition of a "considerable period." Read our free e-book, "Yellen and the Fed," a WSJ Briefing. Available for download at www.wsj.com/fed HILSENRATH'S TAKE Investors made quite a fuss Wednesday about Federal Reserve Chairwoman Janet Yellen's suggestions that a) the Fed will end its bond-buying program in the fall, and b) the Fed will wait six months after the bond-buying program ends before raising short-term interest rates. Crude math
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