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Federal Reserve official: If Congress dawdles, economy will fall 3 percent

Federal Reserve official: If Congress dawdles, economy will fall 3 percent (via The Christian Science Monitor)

By Ron Scherer, Staff writer posted May 24, 2012 at 7:08 pm EDT New York If Congress waits to resolve its differences over spending and taxes until next year, it could have a very unpleasant affect on the economy. That’s the concern one of the Federal Reserve’s most prominent members, William…


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