Fed's Ferguson on macroeconomic outlook

In a speech on 'Macroeconomic Outlook and Uncertainties' given on 8 April, Roger Ferguson of the Federal Reserve said the macroeconomic outlook for the United States is favourable, overall. There is the possibility that an adverse shock will expose an underlying weakness in the financial condition of households, Ferguson said, but he believes the economy will avoid this.

Ferguson said it was too soon to judge whether a recent pickup in hiring was lasting and warned that Americans shouldn't

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