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Fed's Williams sees advanced economies stuck in low growth mode
Central banks in the United States and other advanced economies will find themselves stuck with slow growth over the longterm unless fiscal authorities do something decisive to turn things around, a U.S. central banker warned Tuesday. That dour view may come as a surprise given that the Federal Reserve raised interest rates earlier this month and plans to continue to do so gradually to keep the U.S. economy from overheating. Rising interest rates often signal optimism about economic prospects. ADVERTISING But, San Francisco Federal Reserve President John Williams said Tuesday, while the economic news is encouraging ... (full story)