Minehan on the US economy: 2005 and beyond

In a speech on 'The US economy: 2005 and beyond' given on 12 January, Cathy Minehan of the Federal Reserve Bank of Boston said increased regulatory red tape is harming business spending, the IPO market and jobs growth.

In the speech before a Connecticut business group, Minehan said new rules under the Sarbanes-Oxley Act could be forcing some ``risk averse'' public companies to curtail spending out of fear they may not ``make their numbers'' and draw undue attention to their finances.

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