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Federal Reserve Bank of San Francisco President John Williams' comments about economic risk at an event hosted by the Center for Global Economy and Business are highlighted

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Excerpt from Bloomberg -- "There's some upside risk to the economy. I see that with low oil prices, low gas prices, consumer spending could actually even be stronger than what we've seen in the last couple years. And it's been the biggest driver by far of the US economy."

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Additional coverage appeared on MarketWatch.