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Yellen sees 'noticeably stronger' economic growth in the second half of the year
WASHINGTON (AP) ' The No. 2 official on the Federal Reserve says economic growth will end "noticeably stronger" in the second half of this year, but she says the central bank still needs to keep its policy options open to provide more support to the economy if necessary.
Federal Reserve Vice Chairman Janet Yellen said in a speech in Denver on Friday that oil and other commodity prices are falling and supply disruptions caused by Japan's natural disasters are easing. But she said the economy is still facing numerous problems.
Yellen said the central bank may need to consider more bond purchases to lower interest rates, but she said such an effort should be considered only if the economy required "significantly greater" help than the Fed is now providing.