Front Runner for “the Paragraph Golden Globe”

That comes from this piece by Gavyn Davies in the FT “ECB and Fed reverse their traditional roles“:

…As a result, the ECB seems much more concerned about a slowdown in GDP growth than the Fed. In fact, recent statements by members of the FOMC have explicitly saidthat a slowdown in US growth to around 2 per cent would not only be acceptable, but have hinted it would actually be desirable, because it would reduce the pace of improvement in the labour market.

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