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Fed Officials Stress Need for QE After Jobs Slowdown

Two voting members of the Federal Reserve’s policy-setting panel stressed the need to maintain record stimulus to keep the expansion going, and they cited a job-market slowdown as evidence of risks to the economy.

The slowest payrolls growth in nine months in March “underscores the need to wait and see how the economy develops before declaring victory,” William C. Dudley, president of the Federal Reserve Bank of New York, said today in a speech in Staten Island. “I don’t think we should be complacent,” Charles Evans, president of the Chicago Fed, said separately. “Unemployment is unacceptably high.”