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Business News Headlines

Asian stocks, dollar slip as Trump caution outweighs China GDP

SINGAPORE Caution prevailed in financial markets on Friday ahead of U.S. President-elect Donald Trump's inauguration, even as China's fourth-quarter economic growth beat expectations and Federal Reserve Chair Janet Yellen took a less hawkish policy stance.

Nason, former Treasury official, being vetted for Fed role - sources

WASHINGTON/NEW YORK David Nason, a General Electric executive and former Treasury Department official, is the front runner to become the Federal Reserve's top Wall Street regulator under President-elect Donald Trump, sources familiar with the screening said on Thursday.

Fed's Yellen says unwise to allow U.S. economy to run 'hot'

PALO ALTO, Calif. With monetary policy still modestly accommodative, the U.S. central bank should continue to raise interest rates slowly to keep jobs plentiful and inflation low, Federal Reserve Chair Janet Yellen said on Thursday.

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