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Chicago Fed's Moskow on job losses

In the speech 'Job loss: Causes, consequences, and policy responses' given on 26 May Michael Moskow of the Federal Reserve Bank of Chicago said U.S. monetary policy remains accommodative and, with the economy on a solid growth path, interest rates can continue to rise "at a measured pace".

The Fed "has now maintained an accommodative monetary policy for an extended period," Moskow said in remarks to the National Academy of Arbitrators.

Moskow touched only briefly on the economy in a speech

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