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Nation in ‘modest’ economic recovery

But high jobless rate, deficits could threaten recovery, Fed chief says

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By Robert Gavin
Globe Staff / January 13, 2010

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The US economy has begun a “very modest recovery’’ but remains too fragile for policy makers and lawmakers to boost interest rates, raise taxes, or pull back on federal spending, Federal Reserve Bank of Boston president Eric Rosengren said yesterday. (Full article: 738 words)

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