8 June 2001, 12:56 Fed's Parry says up to 3.5% US growth possible by 2002
San Diego, June 7 (BridgeNews) - The U.S. economy should be able to
reach a GDP growth rate of up to 3.5% by 2002, Federal Reserve Bank of San
Francisco President Robert Parry said. But Parry said he was unsure
whether the U.S.
would soon experience back-to-back growth rates of 4% or better like in
recent years. He said it is likely to be some time before Federal Reserve
interest rate cuts since the beginning of this year work their whole
effect on the economy.
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