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San Francisco Federal Reserve President Janet Yellen said the Fed could lower rates below 1%, and that they could reach as low as zero amid a weak economy. Speaking at an event hosted by the University of California at Berkley and UCLA, Yellen said that loan rates would be substantially higher without...
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San Francisco Fed President Janet Yellen (non-voter) said rates are "appropriate" for encouraging growth and that the real Fed funds rate is near zero. Speaking to the Financial Planning Association of Northern California, Yellen said low interest rates and the fiscal stimulus should help to spur growth...