McTeer says Fed must work harder on growth

Dallas Fed president Bob McTeer said on Thursday 13 May that the Fed must work harder to promote growth and lift employment.

Dallas Federal Reserve President Robert McTeer said in the regional central bank's annual report: "Until full employment is restored, we should do what we can to promote the dynamic growth needed to create new jobs, but avoid shortsighted actions that preserve the old jobs at the expense of new ones."

High U.S. productivity has been blamed for slowing job creation while t

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