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A television screen on the floor of the New York Stock Exchange shows Federal Reserve Chair Janet Yellen's first news conference, in Washington D.C., Wednesday, March 19, 2014. The Federal Reserve is seeking to clarify when it might start to raise short-term interest rates from record lows. The Fed also says it will cut its monthly long-term bond purchases by another $10 billion to $55 billion because it thinks the economy is strong enough to support further improvements in the job market.

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Fed clarifies guidance on short-term rates

Janet Yellen tried at her first news conference as Federal Reserve chair to clarify a question that's consumed investors: When will the Fed start raising short-term interest rates from record lows?

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