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Chicago Fed's Moskow on the economic outlook

In a speech on 'Economic outlook' given on 3 February, Michael Moskow of the Federal Reserve Bank of Chicago said that worries that inflation is on the rise are premature, and it will take some time for pressure on resources to emerge.

"The rapid pace of (GDP) growth has even led some analysts to raise concerns about increasing inflation... I think such concerns are premature," Moskow said in a speech to a Chamber of Commerce lunch in Indiana.

"Even though growth in the second half was

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