NY Fed President William Dudley says the recovery is "tenuous," and the "encouraging" rate of...

|By:, SA News Editor
NY Fed President William Dudley says the recovery is "tenuous," and the "encouraging" rate of growth in manufacturing jobs is "not a reason to reverse course." Even if jobs growth were to accelerate to 300,000/month from March's "notable" 216,000, he says considerable labor market slack would remain at the end of 2012.