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Fed's Charles Evans says US economy is slowing but downplays recession
Chicago Federal Reserve President Charles Evans says the U.S. economy has slowed — but he downplayed chances of a recession. “I would say that the U.S. economy continues to be in a strong position,” Evans said at the Credit Suisse Asian Investment Conference in Hong Kong. “The fundamentals for the U.S. are good.′ His remarks came during a panel discussion on how the U.S. central bank, China and global risks will shape the world economy. The Fed held interest rates steady in a unanimous decision last week, and indicated that no more increases will be coming this year. It was a sharp dovish turn from its policy ... (full story)