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Fed's Dudley: US economy is doing 'ok on average'
- US growth in H1 a touch below 2%
- Still early days to understand consequences of Brexit vote
- Uncertainties about US political process could add to downside pressure on economy
- We want inflation and wage gains
- Would like to see a little more inflation with wage gains
- There are reasons to be patient on rates
- Investment outlook has been weaker than expected
More:
- We want a 'little bit of inflation, not a lot'
- We don't want inflation without wage gains
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