Regional Fed presidents express fears over economic recovery


The presidents of the Boston and Chicago Federal Reserve Banks today (July 9) both delivered gloomy assessments of the economic recovery in the US.

Speaking at the Sasin Bangkok Forum in Bangkok, Thailand, both Evans and Rosengren highlighted poor employment figures as signs of stress.

"The damage [to the economy] intensifies the longer that unemployment remains high. Failure to act aggressively now will lower the capacity of the economy for many years to come," said Evans.

Rosengren meanwhile

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