Fed's Stern says data won't change Fed tack

Minneapolis Federal Reserve President Gary Stern said on Friday 8 October in an interview that the weaker than expected gains in the labour market are not enough to change the Fed's plan to gradually raise interest rates.

Click here to read the interview on the Reuters web site

"I don't find it inconsistent with the path we are on. We have said we are going to remove the degree of accommodation at a measured pace, and what we have been seeing, in my mind, doesn't change that," Stern said in an

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