Employment the missing component of US recovery: NY Fed’s Dudley
William Dudley, the president of the New York Federal Reserve, on Monday said the recovery was not able to gain momentum until there was a significant improvement in employment figures.
At New York University's Stern School of Business, New York City, Dudley said: "The revival in demand, production and confidence strongly suggests that we may be much closer to establishing a virtuous circle in which rising demand generates more rapid income and employment growth, which in turn bolsters
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