In her February 27, 2014 statement to the United States Senate Banking Committee, recently confirmed Federal Reserve chairwoman Janet Yellen stated that the nation is “a lot closer to a normal economy than we’ve been in a long time.” This prompted a discussion item from Nevada Senator Dean Heller who asked if a persistently high unemployment rate of nine percent could be a new normal for Nevada. In response, Chairwoman Yellen surmised that “Nevada is one of the states that has been most badly affected” by the downturn, and that the state is still “some years” away from what might be considered a normal economy.

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