The U.S. economy is “coming out of an incredibly deep hole” and the unemployment rate will remain at or above 9 percent this year, said Michael Feroli , chief U.S. economist at JPMorgan Chase & Co. in New York.
The next chairman of the Federal Reserve faces an alarming possibility: the new normal for the economy is even worse than advertised.
"We have continued, solid job growth."
- Michael Feroli on Jan 09, 2015
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