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Surveillance: Skip vs. Pause with Dudley

Bloomberg Surveillance

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The Fed's Forecast for China's Exporting Disinflation

I think it's going to be a pretty drawn out process. We really don't get back to 2% inflation for a couple of years on the Fed's own forecast. I do not expect the Chinese impulse back to the US to be significant. The problem in the US is really in the services sector.

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