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Lawmaker accuses Fed of being 'cozy' with Obama administration

WASHINGTON Federal Reserve Chair Janet Yellen denied on Wednesday accusations by a Republican lawmaker that she let politics influence interest rate policy, saying she was unaware of any contact between a top Fed policymaker and Democratic presidential candidate Hillary Clinton.

Commentary: It’s time for Europe to stop holding referendums

The European Union lexicon, already stuffed with ugly words and phrases, needs to coin a new one: “plebiphobia.” Unlike some anxieties, the fear of referendums is well-grounded. Following Britain’s vote in June to leave the union, plebiscites this autumn in Hungary on migration and in Italy on constitutional reform  may further destabilize the EU. More fundamentally, plebiphobia rules out the very reforms needed to prevent more Brexit-like uprisings.

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