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Update news Janet Yellen
Asian shares edged lower on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen hinted that interest rates in the United States could rise quickly this year.
US Federal Reserve chair Janet Yellen has said there is still "remaining slack in the labour market".
In her first testimony to the Congress, U.S. Federal Reserve Chair Janet Yellen reiterated central bank's plan to taper its stimulus exit despite recent weakness in the economy.
U.S. Senate on Monday confirmed Janet Yellen as the next head of the Federal Reserve, to replace the outgoing Fed chairman Ben Bernanke whose term ends at the end of this month.
U.S. President Barack Obama is to nominate current Federal Reserve Vice Chairwoman Janet Yellen to be the next Fed chief on Wednesday, media reports said Tuesday.