Fed’s Duke Sees ‘Choppy' U.S. Job Market Amid Gradual Recovery
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Federal Reserve Governor Elizabeth Duke said the economy will continue on a gradual path of recovery this year and that the current stance of monetary policy is “appropriate.”
“My forecast is for the unemployment rate to gradually and perhaps fitfully move lower and for inflation to settle over coming quarters at or below levels consistent with the Federal Reserve’s dual mandate,” Duke said in the text of her remarks to the Virginia Bankers Association and Virginia Chamber of Commerce in Richmond.