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Joe Biden plans to nominate the former Federal Reserve chair as his Treasury secretary. She would play a leading role in helping the economy recover from the pandemic.
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Policymakers increased a key rate for the third time this year. The quarter-point move indicates the Fed is confident in the economy as it continues to recover from the financial crisis.
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Janet Yellen warned Congress Thursday the timing might not be right for infrastructure spending and questioned Donald Trump's assertions that the Dodd-Frank stock market rules stifle economic growth.