US economy appears to be stabilizing-Fed's Hoenig

UNITED STATES - The U.S. economy is showing signs of stabilizing and will likely pick up speed in the second half of 2001, Federal Reserve Bank of Kansas City President Thomas Hoenig said on Apr 12.

Hoenig, speaking to a group of local business leaders, also said inflation was "generally contained," giving the U.S. central bank leeway to cut interest rates to prop up the shaky economy.

"In the last couple months, obviously, the evidence has been mixed, but I think there have been some signs of