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(JENNIFER ROBERTS For The Globe and Mail)

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The decline and fall of the American consumer

The president of the Federal Reserve Bank of Chicago is travelling the world with a stark warning for the global economy – the U.S. consumer is no longer the dominant force he once was.

During a recent visit to The Globe and Mail, Charles Evans commented that his main message when meeting with global counterparts is that “the U.S. consumer is not the U.S. consumer of 10 or 15 years ago.”