Chicago Fed President Charles Evans: Tight credit is keeping the reins on recovery - and the...
Chicago Fed President Charles Evans: Tight credit is keeping the reins on recovery - and the jobless rate high - but things could get surprisingly robust as some news is coming in much better than expected. Expects average GDP of 3-3.5% in 2010. Inflation isn't going through the roof or falling through the floor; monetary policy will work to keep inflation near 2% over medium term.
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