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The U.S. Federal Reserve will continue providing support to the U.S. economy by expanding its credit facilities "as conditions warrant" , Chicago Fed President Charles Evans said on Tuesday. Speaking at a conference organized by the Czech National Bank in Prague, Evans, who also sits as a voting...
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The downside risks to growth have recently risen and the economy is expected to be "extremely sluggish" in 2008, according to one Fed official on Friday. Chicago Fed President Charles Evans (non-voter) said the U.S. economy faces a triple-front threat as growth risks are on the rise, inflation is "unsettingly...