- Fed's Pianalto: "The economy recovering at a moderate pace"
Market news
9 May 2012
Fed's Pianalto: "The economy recovering at a moderate pace"
It will take several years to reach full employment again
The level of full employment is likely to be 6%
U.S. GDP growth is likely to be around 2.5%
Inflation is likely to remain near the target level of 2% of the Federal Reserve
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