UPDATE 1-Fed's Yellen says inflation, growth risks rising


(Adds detail from speech, adds byline, changes dateline, previously CHICAGO) By Tamawa Kadoya NEW YORK, April 26 (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen said on Thursday that "watchful waiting" is the best monetary policy course right now, given increased risks to both growth and inflation. "The current stance of policy is likely to foster sustainable growth with a gradual ebbing of inflation over time. However, the inflation risks are skewed to the ...

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