Federal Reserve Chairman Alan Greenspan suggested Tuesday
that U.S. economic growth is poised to accelerate in the second
half.
“What we have is the makings of a turnaround in economic
activity which in the past has almost always been signaled by an
improvement in financial conditions,” the Fed chairman said.
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“Our members feel the economy is growing faster than it has
been,” said Ralph Kauffman, chairman of the institute’s non-
manufacturing committee. In the first quarter, the economy grew
1.9 percent at an annual rate.
Bloomberg News
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