Fed Views from the San Francisco Federal Reserve

PUBLICATION - John Williams, Research Advisor at the Federal Reserve Bank of San Francisco, states his views on the current economy and the outlook, 12 July.

Charts

Recent indicators suggest that the economic recovery has started to take hold. Real GDP increased at a 6.1 percent annual rate in the first quarter. This final estimate is 1/2 percentage point higher than the preliminary estimate, with investment in equipment and software and net exports coming in stronger than had been previously

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