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Boston Fed chief predicts slow recovery

Calls for more action to lower jobless rate

By Megan Woolhouse

 |  Globe Staff  

  May 31, 2012

Eric S. Rosengren, president of the Federal Reserve Bank of Boston, on Wednesday made gloomy predictions for a slow economic recovery through the year, calling on policy makers to do more to lower the US unemployment rate. “I am expecting growth of only 2.3 percent for the full year, I’m sorry to say; and unfortunately no improvement in the current US unemployment rate of 8.1 percent,” Rosengren said in a speech in Worcester.

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