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Fed’s Fisher: U.S. "Drowning in Unemployment"

Posted by Chris Baltimore, Reuters On September - 29 - 2012 News Politics
Chris Baltimore, Reuters
The United States is "drowning in unemployment," its economy is running at stall speed and inflation is "not a problem," but easier monetary policy is not the answer, one of the Federal Reserve's most hawkish policymakers said on Friday."We've had a recovery that is quite disappointing," Dallas Fed President Richard Fisher told a group at the University of Texas at Dallas.

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