Parry said Fed can be "deliberative" over rates

USA - San Francisco Federal Reserve President Robert Parry said that doubt over how long the current "modest expansion" would last leaves the Federal Reserve room to be "deliberative" over hiking interest rates.

He said, "We're now in the midst of a modest expansion," after a slight recession which may have ended around December or January. But he cautioned, "There's still some uncertainty about the strength and durability of the recovery," noting that consumers will have difficulties boosting

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