VOLTAIRE'S PORCH-MODERATED Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim Willie CB who wrote (49906)	4/11/2002 4:59:50 PM
From: stockman_scott	Read Replies (1) of 65232

Fed's McTeer sees growth up, inflation down ( sure you do Bob)... WASHINGTON, April 11 (Reuters) - Dallas Federal Reserve Bank President Robert McTeer said on Thursday there was ``considerable slack'' in the U.S. economy and that inflation seemed poised to decline even as growth picks up. ``While the recovery has already begun, its strength and durability remain uncertainty,'' McTeer said in the Dallas Fed's annual report. ``Inflation declined during the recession and seems poised to decline further as growth accelerates in an economy with considerable slack.'' McTeer said he did not know whether the U.S. economy would resume the high rates of growth it enjoyed in the late 1990s, but expressed optimism on the outlook for gains in productivity, or output per worker hour. ``If the new economic paradigm was lost -- which I doubt -- I expect it to be regained,'' he said. ``Productivity growth in the near term reduces unit labor costs and should help restore the profitability needed for a sustained recovery without stoking inflation.''

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next