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Archive Home > 2011 > February > 17 > Fed raises growth forecast

Fed raises growth forecast

Though unemployment is expected to remain high

By Sewell Chan / The Bulletin
February 17, 2011

WASHINGTON — Policymakers at the Federal Reserve on Wednesday substantially upgraded their forecasts for how much the economy will grow this year, though they expect unemployment to remain painfully high for some time.

Top Fed officials now expect the output of goods and services to grow by 3.4....

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