(Reuters) - Noting the U.S. economy's resilience during times of stress, including energy shocks, a cooling housing market and wars in Iraq and Afghanistan, she said growth had been solid.
"All of these have occurred, yet the U.S. economy has performed in an extraordinarily smooth way, with GDP averaging 3 percent over that long period and unemployment down, at many times well below the level that was thought to be the harbinger of inflation when I joined the Federal Open Market Committee in 1994.
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