Federal Reserve Bank Of Chicago News
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China’s slower expansion in the first quarter is “normal” as the world’s second-largest economy sacrifices growth to make structural reforms, People’s Bank of China Governor Zhou Xiaochuan said.
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Federal Reserve Bank of Chicago President Charles Evans said he is “optimistic” about U.S. growth in 2013 and next year, while cautioning that the economy still needs record monetary stimulus.
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Federal Reserve Bank of Chicago President Charles Evans said policy makers shouldn’t “obsess” over the possibility of future price increases, citing the Fed’s success in recent years in curbing inflation.
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Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on March 20.
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Federal Reserve Bank of Chicago President Charles Evans said the central bank has not yet reached the point when it should wind down its record stimulus.
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Federal Reserve Bank of Chicago President Charles Evans said stimulus must continue “firing on all cylinders” until achieving sustained job growth, adding that he expects the Fed will keep buying assets at a pace of about $85 billion per month throughout this year.
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Following is the text of the Chicago Fed’s Midwest Manufacturing Index from the Federal Reserve Bank of Chicago.
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Malaysians like cab driver Ramakrishnan Ramachandran are getting used to handouts from the government as the next election looms. The budget deficit is set to show the strain regardless of who wins the vote.
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Prime Minister Mariano Rajoy’s progress in curbing a deficit worsened by the cost of servicing Spain’s swelling debt load will be revealed this week with the release of data on the country’s finances.
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At the Stubton Estate in Lincolnshire, with its newly sown rapeseed and thin shoots of winter wheat, investors are jostling for a piece of England’s green and pleasant land.
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