Fed's Ferguson on the economic outlook for the US

In the speech 'Economic outlook for the United States' given on 3 March Roger Ferguson of the Federal Reserve said the US economy is "solidly on track" but faces risks that could alter both its path and the direction of interest-rate policy.

"The U.S. economic expansion appears to be solidly on track," Ferguson said in the speech at Howard University. "Nevertheless, the outlook for real activity faces a number of significant risks, including the possibility that house prices and construction

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