Fed's Olson says US economy still improving

Federal Reserve Governor Mark Olson said on Monday 18 October that although the US economy was improving it had not maintained the pace it had been expected to. Olson also said rising oil prices have put a damper on the economy's performance, but he did not estimate how much of a drag they might be exerting.

"Currently the economy is not as strong as we would have thought it would be six or eight months ago, but it is still improving," Olson told a luncheon meeting of America's Community Banke

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