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Dudley: The U.S. Economic and Monetary Policy Outlook
Good morning. It is a pleasure to be here in Minneapolis today and to have the chance to speak to all of you. As chairman of the Economic Club of New York, I particularly appreciate the role that the Economic Club of Minneapolis has played in organizing this event. In my remarks, I am going to focus on the economic outlook and the implications of that outlook for monetary policy. Today, I come before you as the proverbial two-armed economist. On one hand, the economy’s forward momentum has slowed sharply during the first half of the year and inflation remains below the level the Federal Open Market Committee (FOMC) ... (full story)
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