Outlook for US economy remains mixed
Sep 10, 2013 | 05:44 PM
| Catherine Ngai
CHICAGO Sluggish growth in the U.S. economy will likely persist in the coming year, although brighter signs are ahead, according to a senior Federal Reserve Bank economist.
"The economy has been expanding, and when you think about whats been happening in the U.S., its sort of good news and bad news," William A. Strauss, senior economist and economic advisor at the Federal Reserve Bank of Chicago, said during the Metals Service Center Institutes Economic Summit in Schaumburg, Ill. "The U.S. economy is the strongest economy in the world, but the bad news is that it only grew at 1.6 percent in the second quarter vs. the second-quarter basis. Its also well below the 2-percent trend."....
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