Chicago's Moskow on the U.S. economic outlook

In the speech 'U.S. economic outlook' given on 7 September Michael Moskow of the Federal Reserve Bank of Chicago said the Federal Reserve will face "a number of judgment calls" in assessing the impact of Hurricane Katrina on the U.S. economy.

More broadly, the central bank needs to continue "appropriate monetary policy" to keep inflation well contained, he said in the speech to the Futures Industry Association.

Moskow, a voting member of the Federal Open Market Committee this year, said he was

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