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Fed’s Lockhart: Sees hopeful signs of sustained recovery in 2011

By   || January 31, 2011 at 17:13 GMT
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  • too early to declare victory
  • employment ‘nowhere near’ acceptable levels
  • support of accommodative Fed policy still required
  • appropriate outlook is ‘cautious optimism’
  • risks include European debt problems, weak US housing sector, State fiscal pressures
  • moderate growth, slower business formation, productivity enhancements are restraining job growth
  • inflation currently measured at lower-than-desired rates
  • deflation concern has abated, rate of inflation seems to have stabilised
  • higher input costs have not translated to broad inflation
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