(Getty file photo)
Federal Reserve Chair Janet Yellen persuaded two hawkish colleagues to join her pledge to keep interest rates low for a long while, winning them over by sounding an optimistic tone on the job market and inflation. Charles Plosser and Richard Fisher, chiefs of the regional Philadelphia and Dallas Fed banks, respectively, had argued for ditching a promise not to raise rates for a "considerable time" after ending a bond-buying stimulus program. [Full Story]
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Federal Reserve officials dismissed recent turmoil in global financial markets, and focused instead on "solid" employment gains that will keep them on a path toward an interest-rate increase next year. [Full Story]

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