- Sees growth closer to 3% than 4% in 2011
- Banks, real estate will be headwinds to recovery
- Fed did not cause real estate bubble
- Unemployment north of 10% if Fed did not act during financial crisis
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Fed’s Kocherlakota: US employment growth disappointingly slow; no rapid improvement this year
Fed’s Kocherlakota: US employment growth disappointingly slow; no rapid improvement this year
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