Central Banking

Broaddus says US economic outlook extremely cloudy

A Federal Reserve policymaker said Monday the US economic outlook is growing increasingly murky but he said he remains confident the economy will avoid a recession or an inflation outbreak the coming months.

"Current conditions as we look forward are about as cloudy as at anytime in my career," Alfred Broaddus, president of the Federal Reserve Bank of Richmond, told a group of business executives here. But he gave no indication of whether the Fed is inclined to ease its tough anti-inflation

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