JACKSON HOLE Wyo. - U.S. labor markets remain hampered by the effects of the Great Recession, and the Federal Reserve should move cautiously in determining when interest rates should rise, Fed Chair Janet Yellen said on Friday in a defense of her policy approach. | Video
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JACKSON HOLE Wyo. - The U.S. labor market has become steadily less dynamic since 1990, with workers seemingly locked into particular jobs and a more sluggish process of job creation and destruction in the private sector, according to research to be presented to global central bankers on Friday.
- Valeant Pharmaceuticals International Inc and Pershing Square Capital Management will submit a request on Friday to Allergan Inc for a special shareholders meeting, sources told CNBC television.
Wonkblog's Matt O'Brien looks at the current state of Europe's recovery and calls it "one of the biggest catastrophes in economic history."