Economic growth slow, Fed chief says

Economic growth slow, Fed chief says

The Federal Reserve is trying to keep the economy on a path toward recovery, said a Fed bank chief in Portland.

But consistently high unemployment levels and too-low inflation rates are building a strong case to stimulate growth, said John Williams, chief executive and president of the Fed's San Francisco bank.

If neither measure gains ground during the next year or two, he said, then monetary accommodation may be necessary.


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