Fed's Santomero on a consumer-driven expansion

In the speech 'The implications of a consumer-driven expansion' given on 13 July, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the Federal Reserve is likely to continue tightening monetary policy at a measured pace, but it depends on how the economy fares.

"If the economy evolves as I expect over the next year or so, it is likely we will continue to move the federal funds rate toward neutrality at what we have described as a measured pace," Philadelphia Fed President Anthony

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