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Washington, D.C., Feb. 11, 2016: Federal Reserve Chair Janet Yellen speaks at a Senate hearing on the Fed’s monetary policy (source: dpa)

Fed-engineered recession may speed dollar bloc’s collapse

The year has not started well for global financial markets. Undoubtedly, one reason that stocks have slumped is that the United States Federal Reserve under Janet Yellen has started to raise interest rates and signaled that more hikes are coming.

The hawkish stance of Ms. Yellen’s Fed not only risks derailing the U.S. eco...

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