Fed's Broaddus-Odds high US economic recovery near

The odds that the U.S. economy will recover soon are "reasonably high," Federal Reserve Bank of Richmond President Alfred Broaddus said on Feb 15, 2001. Broaddus told reporters after addressing a forum sponsored by Bennett College and the Greensboro Chamber of Commerce that the chances are "pretty high" that the U.S. was not facing a broad economic decline, but rather a slowdown centered in manufacturing as firms tried to sell off unsold goods.

"I think the prospects that this is primarily an

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