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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (48613)	4/11/2002 4:15:50 PM
From: Ron Dior	Read Replies (1) \| Respond to of 208838

It's good to be fast on the trigger or the King... Ron Dior

To: 2MAR$ who wrote (48613)	4/11/2002 4:51:02 PM
From: 2MAR$	Respond to of 208838

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.''