Outlook for US economy positive - Chicago Fed

- Central Banking staff
- 21 May 2002

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US - The U.S. economy is in the midst of a modest rebound from recession, and capital spending, a key driver of growth, is likely to recover in the third or fourth quarter of 2002, said Curt Hunter, the head of research for the Chicago Federal Reserve on Monday night.

"The (economic) outlook is not rosy, but it is a positive one," Hunter told a trade conference sponsored by the Measurement Control and Automation Association. "The second half of the year, (business) investment will start to come

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