- Fed's Lockhart: The rate of recovery was uneven
Market news
13 July 2012
Fed's Lockhart: The rate of recovery was uneven
- It should contain expectations regarding the impact of further action
- The use of further action in respect of the balance will "risks beyond the control"
- Will further encourage the Fed to where it was not
- Further action the Fed should be taken "very meaningful"
- "Maybe" will be taken next decision on the policy
- Long-term unemployment may complicate the problem of structural
- Risks have increased pressure on the economic outlook
- The official forecast has been lowered, it shows weaker growth
- Data published for the first two quarters of this year, were "disappointing"
- The observed recent employment growth has been "much weaker than expected"
- Employment growth "slowed considerably" in the 2nd quarter
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