Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Box-By-The-Riviera™ who wrote (12921)	1/7/2002 4:02:52 PM
From: Baldur Fjvlnisson	Read Replies (1) of 74559

Bush: Economy Will Do Better in 2002 Jan 7, 2002 WASHINGTON (Reuters) - President Bush said on Monday he was optimistic the U.S. economy would do better in 2002 than in 2001 and promised to include a stimulus package in his next fiscal budget proposal. ``I'm optimistic that 2002 is going to be a better year than 2001,'' Bush told reporters at a White House meeting with Federal Reserve Board Chairman Alan Greenspan and the Bush administration economic team. Bush declined to comment on whether he thought additional interest rate cuts would help pull the U.S. economy out of recession, saying monetary policy was the Federal Reserve's province. ``In terms of monetary policy, I will leave that in the hands of our chairman, Chairman Greenspan,'' Bush said. ``He has done a fabulous job in running the Federal Reserve ... for that America should be grateful.''

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