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Yellen says Fed should keep an eye on asset prices

Tue Nov 10, 2009 12:10pm EST

PHOENIX, Nov 10 (Reuters) - The Federal Reserve should monitor asset prices as one of many factors affecting overall economic stability, a top central bank official said.

"We should be monitoring asset prices for signs of bubbles," San Francisco Fed president Janet Yellen told reporters after a speech. "My views on that have changed because of the crisis."

(Reporting by Pedro Nicolaci da Costa, Editing by Chizu Nomiyama)



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