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Fed's Ferguson on the Economic Outlook

In a speech on the 'Economic Outlook' given on 21 November Roger Ferguson of the Federal Reserve said the macroeconomic fundamentals seem to be in place for an increase in the pace of economic growth.

Although he does not expect a repetition of the extraordinary economic performance of the third quarter, Ferguson said he does expect growth to be sustained.

However, this expectation will have to be reexamined periodically during the upcoming period--in light of evolving economic circumstances, he

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