Santomero on Monetary Policy Post 9/11

In a speech on 'Monetary Policy in the Post 9/11 Environment: Stability through Change' Anthony Santomero of the Federal Reserve Bank of Philadelphia welcomed signs of faster growth, but expressed worry the economy could be slow to create jobs. He said "The recovery seems to be gaining some traction," but added that "Employment gains will be slow in coming, and we still have some way to go before we reach our goal of maximum sustainable growth."

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