Fed’s Williams: US and other developed nations headed for growth slump
|San Francisco Fed President Williams is out on the wires now, speaking at an event in Sydney.
Key Points via Reuters:
Sees inflation rising to 2% in next year or so
US has regained, even surpassed, full employment
US and other developed nations headed for growth slump
Estimated GDP trend growth for US-CA-UK-EU stands at about 1.5%, less than half what it was 30 years ago
They in process of gradually withdrawing stimulus
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