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Minneapolis Fed Chief Says U.S. Slowdown May Be Milder Than Expected

The central bank official noted that the economic deceleration might be less severe than earlier forecasts had indicated.

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Terms & Concepts
  • Economic slowdown: A period during which the growth of an economy declines, often marked by reduced consumer spending, lower production, and weaker job growth.
  • Federal Reserve: The central bank of the United States, responsible for implementing monetary policy and regulating financial institutions.