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Energy costs not hurting economy yet -Fed's Moskow
CHICAGO, March 22 (Reuters)
- Federal Reserve Bank of Chicago President Michael Moskow on
Monday said he had yet to see evidence that rising energy costs
were hurting the broad U.S. economy.
When asked about higher energy prices Moskow said he had: "not
seen signs it has had an impact so far on consumers or on business
output, or on productivity."
He said rising steel prices affected some areas
of the economy "quite significantly" but overall they
were not that damaging.
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