Olson says 'too early' to judge impact of Katrina

Federal Reserve Governor Mark Olson told reporters on Wednesday 31 August it was "too early" to make any comment on the impact of Hurricane Katrina on the U.S. economy.

"It's too early to make a comment," Olson said, when asked about the economic impact of Hurricane Katrina. "We'll watch information as it develops."

Olson spoke to reporters after making brief remarks at a ceremonial groundbreaking for the new Seattle branch of the Federal Reserve Bank of San Francisco.

Asked about the upcoming

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