Scant jobs pose U.S. recovery risk- Fed's Broaddus

- Central Banking staff
- 01 Oct 2003

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Federal Reserve Bank of Richmond President Alfred Broaddus said Tuesday that he saw a risk that already fast growth in productivity could accelerate, making it even harder to bring down the unemployment rate and lessen unused industrial capacity.

Source: Reuters

Richmond Federal Reserve Bank President Alfred Broaddus said on Tuesday forecasts for solid U.S. economic growth through 2004 were on track, but warned a weak job market posed a risk to the recovery.

Speaking of consensus forecasts for U.S

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