Chicago Fed's Moskow on the US economic outlook

In the speech 'US economic outlook' given on 12 January Michael Moskow of the Federal Reserve Bank of Chicago called for more rate hikes to snuff out any potential for higher inflation at a time U.S. economic growth is on a "self-sustaining" track.

"Appropriate monetary policy ... likely entails some further policy action," said Moskow, who is not a voting member of the Federal Open Market Committee this year.

"If inflation or inflation expectations were to rise persistently, then policy clearly

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