Chicago Fed's Moskow on US economic outlook

In the speech 'U.S. economic outlook' given on 11 April Michael Moskow of the Federal Reserve Bank of Chicago said the risk of inflation staying stubbornly high is still greater than the possibility of economic growth falling too low.

"So far this year inflation has been somewhat elevated, highlighting the risk that inflation could stay stubbornly high," Moskow said.

But Moskow stopped short of explicitly calling for additional interest rate increases from the U.S. central bank as he did in a

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