Yellen said she felt the case for a rate increase was strengthening.
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Speaking in the wake of the U.S. central bank's decision last week to hold rates steady, 10 Fed officials fanned out for appearances this week that emphasized the profusion of "Fedspeak" that markets and the public are trying to digest.Toward the middle, San Francisco Fed President John Williams said Tuesday that the risks of waiting any longer to raise rates are growing.Other regional Fed presidents and Fed Gov. Jerome Powell are due to speak Thursday.Evans' comments highlighted the Fed's dueling visions over where the economy stands eight years into a sometimes sluggish recovery.Along with Mester, two other regional Fed presidents dissented on last week's rate decision, and others have cited the need for the Fed to act in time to prevent any rapid run-up in inflation.Evans said weak growth, an aging workforce and poor productivity may leave the U.S. economy stuck with low interest rates for years to come, and the Fed struggling to reach its 2 percent inflation target.
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