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Minneapolis Fed chief expects several years of high unemployment

The president of the Minneapolis Federal Reserve Bank expects modest improvements in unemployment numbers over several years. Narayana Kocherlakota spoke at a lucnheon Friday, adding that the overall recovery will take longer: "If you're thinking five years, I don't think you'll be disappointed,"
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The president of the Minneapolis Federal Reserve Bank expects modest improvements in unemployment numbers over several years. Narayana Kocherlakota spoke at a lucnheon Friday, adding that the overall recovery will take longer: "If you're thinking five years, I don't think you'll be disappointed,"

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