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Fed’s Yellen will leave Board of Governors seat when Powell is sworn in

"I am writing to inform you that I plan to resign as a Member of the Board of Governors of the Federal Reserve System, effective upon the swearing in of my successor as Chair," Janet Yellen wrote in her resignation letter addressed to the President Donald Trump.

"I am gratified that the financial system is much stronger than a decade ago, better able to withstand future bouts of instability and continue supporting economic aspirations of American families and businesses," Yellen said in her letter. "The economy has produced 17 million jobs, on net, over the past eight years and, by most metrics, is close to achieving the Federal Reserve's statutory objectives of maximum employment and price stability." Chairwoman further added. 

USD/CHF on track to end day above 0.99 handle amid positive market sentiment

Despite a lack of fresh fundamental drivers, the USD/CHF pair was able to stage a recovery on Monday following last Friday's sharp drop and is looking
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BoE's Ramsden: Debt-to-income ratio in UK is still markedly below pre-crisis levels

The Bank of England's Deputy Governor David Ramsden, who voted against the BoE's rate hike earlier this month, is responding to questions following hi
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