19 January 2001, 10:28 While the U.S. economy has slowed "perhaps a little bit quickly,">
While the U.S. economy has slowed "perhaps a little bit quickly,"
it still has a "very, very strong" foundation and should not prompt a
significant shift away from fiscal discipline, Office of Management and
Budget Director Jack Lew said Thursday afternoon. In an interview with
CNBC television, Lew said, "It's unfortunate that some were talking down
the economy. We're still growing." "I think that most observers expected
the economy and the rate of growth to slow down and I think we have seen
that happen. It did happen relatively late in the year and I think it's
fair to say that it happened perhaps a little bit quickly," he added.
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