Fed’s Williams sees gradual, halting recovery

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Fed’s Williams sees gradual, halting recovery

Financial Markets News 0

WASHINGTON (MarketWatch) — The U.S. economy will remain “halting and relatively gradual” which means that easy monetary policy will be in place longer than expected, said John Williams, president of the San Francisco Fed Friday. “The days of thinking we’re going to get 4%-5% growth as part of the recovery, we’ve put that behind us,” Williams said in an interview on CNBC. Instead, the economy will likely only grow at a 2.5%-3% pace, he added. A few of the headwinds holding back growth are lac… Read the full article

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