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Chicago's Moskow on labor markets &energy prices

In a speech on 'Labor markets, energy prices, and the outlook for 2005' given on 16 November, Michael Moskow of the Federal Reserve Bank of Chicago said that today, rather than heading toward a soft landing, the economy is approaching its cruising altitude along its sustainable growth path.

"There is certainly more ground to cover," Moskow told members of the Chicago area's business community at an economic-outlook breakfast.

"But given the low level of inflation, well-contained inflationary

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