Fed's Bies on business financial conditions

In a speech on 'Business financial conditions and relationships with bankers' given on 15 July, Susan Schmidt Bies of the Federal Reserve said the economic expansion is now broad based, and the financial strength of businesses should help provide the foundation for continued growth in the months ahead.

"The Federal Reserve will need to be alert to signs of higher inflation and be ready to respond to fulfill its commitment to maintain price stability as a necessary condition for maximum

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