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Fed warns of long-haul slowdown and no quick fix
Federal Reserve Governor Edward Kelley Jr says any short-term policy to jump start the economy risks a severe collapse later this decade. He cites debt buildup and inflation risks, urging restraint on tax cuts and rate cuts while stressing low investment and price stability for sustained growth.
MENTIONED IN THIS ARTICLE
John D. McClain
Associated Press
Washington
Federal Reserve
Edward Kelley Jr
Fed
Bush
Kelley
Florida Council of 100
Tampa
Central Bank
Labor Department
Alan Greenspan