Fed's Bies on the economic outlook

In a speech on 'The Economic Outlook and Financial Health of Bank Customers' given on 22 April, Susan Bies of the Federal Reserve said recent indicators suggest that the pace of economic activity remains solid, while inflationary pressures continue to be subdued.

"Some commentators have expressed concern about the rapid growth in household debt in recent years, fearing that households have become overextended and will need to rein in their spending to keep their debt burdens under control. My

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