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Fed Chair Yellen says poor US jobs report 'concerning'

1 min

Philadelphia (AFP)

Federal Reserve Chair Janet Yellen said Monday the dismal US jobs report for May was "concerning" but stressed she was still "positive" on the outlook for economic growth.

In a speech, Yellen highlighted a number of uncertainties facing the US economy and backed away from specific forecasts for interest rate increases, only saying they should come "gradually".

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