- Fed’s Dudley: “US recovery maybe finding a somewhat firmer footing”
Market news
12 April 2012
Fed’s Dudley: “US recovery maybe finding a somewhat firmer footing”
despite upbeat economic data dampened by the March non-farm payrolls;
- feels the weaker labour market data is transitory, productivity may have recently slumped;
- too soon to say that the US economy is out of the woods;
- expects Q1 2012 GDP growth to be 2.25%;
- sees overall inflation moderating later in 2012;
- 8.2% unemployment is still unacceptably high.
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