• The representative of the Fed's Plosser expects continued growth against the backdrop of continued employment growth

Market news

3 May 2012

The representative of the Fed's Plosser expects continued growth against the backdrop of continued employment growth

 


    • Inflation is likely to remain near the target level of the Fed at 2%

    • U.S. GDP is likely to grow by 3% this year and next

    • The unemployment rate should fall to 7.8% by year end

    • The inflation rate is likely to fall to 7% by the end of 2013

    • The Fed should follow the approach of "balance" of monetary policy

    • The Fed can not do much for employment in the long term

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