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Top Fed officials argue case for more U.S. easing
The U.S. Federal Reserve should loosen policy further with a new round of bond purchases as a way to bring down unemployment, even at the risk of driving inflation temporarily higher, one of the Fed's most dovish policymakers said on Monday. "Additional monetary accommodation is needed to more quickly boost output to its full potential level," Chicago Federal Reserve Bank President Charles Evans told a forum in Bangkok. "The economic circumstances warrant extremely strong accommodation." The president of the Boston Federal Reserve, Eric Rosengren, backed that view, especially after what he called disappointing ... (full story)
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