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Kansas Fed President Esther George recently crossed the wires saying that the low unemployment in the U.S. was causing labor shortages. Additionally,  Chicago Fed President Charles Evans noted that the closing of GM plants would add to challenges in the manufacturing sector.  

Additional quotes

  • Fed’s Evans: Time to get back to more neutral policy stance.
  • Fed’s Bostic: ‘Positive’ overall economy still leaves ‘pockets of distress’