12 January 2001, 10:32 Philadelphia Federal Reserve Bank President Anthony Santomero >
Philadelphia Federal Reserve Bank President Anthony Santomero
Thursday morning concurred with his Fed colleagues and recent rate
actions indicating the U.S. economy is in the midst of a slowdown, but
said he expects growth to accelerate again in the latter half of the
year. Addressing members of the local chamber of commerce andpresenting a regional economic outlook, Santomero made severalreferences to an overall U.S. slowdown.
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