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U.S. economy, world's engine, remains in "neutral": Fed's Fisher
Despite the efforts of the U.S. Federal Reserve to use easy monetary policy to boost jobs, the country's economy is stuck in "neutral" more than three years after the end of the recession, a top Fed official said on Wednesday. "It is not possible to create jobs through monetary policy alone," Dallas Fed President Richard Fisher said at a World Affairs Council of San Antonio event. "The U.S. remains the economic engine of the world ... it's not China, it's not Europe, it's the U.S., and the U.S. remains in neutral." Fisher, repeating a well-worn analysis of the limits of the Fed's super-easy monetary policies, ... (full story)
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