Long After Janet Yellen Leaves, Interest Rates Will Bear Her Mark

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Janet Yellen leaves a huge and largely unappreciated imprint on interest rates that will reverberate long after she concludes her last Federal Reserve policy meeting Wednesday.

This isn’t because of the rate increases the Federal Reserve chairwoman engineered over the past four years. Rather, it’s because she persuaded her colleagues and the broader public to radically change their views on where interest rates should be in the long run.

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