Fed's Parry-reason for uncertainty on U.S. economy

San Francisco Federal Reserve President Robert Parry said on Friday the threat of war with Iraq and the risk of terror attacks have created much uncertainty about the U.S. economic recovery.

"In the past year, the economy has appeared to be on the road to recovery, but that road has been bumpy and there are reasons to feel a good deal of uncertainty about the road ahead," Parry said in opening remarks to the annual outlook conference for the Bay Area Council.

Parry cited the continuing "war on

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