Central Banking

Interview with San Francisco Fed's Robert Parry

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In an interview published on Monday 19 January, soon to retire President Robert Parry of the San Francisco Fed said the US economy "is growing at a pretty rapid pace" while inflation remains at historic lows. The toughest time for him at the Fed was 2001 when rates were cut 11 times and 9/11 posed significant challenges, but the Fed got through that period in an exemplary way, he said.

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