Chicago Fed's Moskow on U.S. economic outlook

In the speech 'U.S. economic outlook' given on 12 October Michael Moskow of the Federal Reserve Bank of Chicago said policy makers may need more rate increases to lower inflation.

``My current assessment is that the risk of inflation remaining too high is greater than the risk of growth being too low,'' Moskow said in his speech at the Four Seasons Hotel in Chicago.

``Some additional firming of policy may yet be necessary to bring inflation back to a range consistent with price stability in a

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