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Fed's Bies on the economic outlook

In a speech on 'The Economic Outlook and the State of Household and Business Finances' given on 26 February, Susan Schmidt Bies of the Federal Reserve said that the Fed can afford to wait a while before it must "inevitably" consider raising short-term interest rates.

"I will say that the prospect of a strongly growing economy, falling unemployment, and low inflation seems to be close to a central banker's ideal," Bies said in prepared remarks to the New York Forecasters Club in New York.

"Under

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