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SF Fed Research Director: US Economy 'Several Notches Above Double Dip'
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While the road ahead is "bumpy" for the U.S. economy, "we are still several notches above double dip recession," San Francisco Federal Reserve Bank Director of Research John Williams said Wednesday.
In a speech prepared for delivery to a community leaders luncheon in Portland, Oregon, Williams also ruled out deflation as "highly unlikely."
"I expect inflation to remain low, dipping to around 1%, but not get stuck in negative deflationary territory," he said.
Williams, who also is the San Francisco Fed's executive vice president, said the recovery is still on track, even if the pace has become "more subdued."
"The upward... Full Story |
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Submitted Jul 28, 2010 11:02pm
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