Richmond Fed's Broaddus: Economy will weather war

Richmond Fed president Alfred Broaddus has said economic recovery in the US will be strong enough to ride out the Iraq war. The economy should be "solid enough" to withstand current shocks, he said.

Source: Reuters

Richmond Federal Reserve President Alfred Broaddus said on Monday the U.S. economic recovery was strong enough to ride out the Iraq war with moderate acceleration later this year.

"We seem to be entering the war with Iraq on a relatively soft economic footing," Broaddus, who is a voting

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