Stone on the national & regional economic outlook

In the speech 'National and regional economic outlook' given on 6 April William Stone of the Federal Reserve Bank of Philadelphia said the Federal Reserve must remain vigilant on inflation, but for now incoming data can guide future policy moves.

The economy is moving along at a moderate pace and the labor market appears to be close to full employment, Stone said in a dinner speech.

Stone, the first vice president at the Philadelphia Fed, has been the acting chief since the start of the month

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