Boston Fed's Minehan: recovery should be sustained

In her first detailed comments on the economy since March, Federal Reserve Bank of Boston President Cathy Minehan said consumer spending seems to be on pace to grow by 4 percent this quarter, and business spending should accelerate as well.

Source: Reuters

Boston Federal Reserve President Cathy Minehan said on Thursday the robust growth most analysts expect for this quarter and next seems assured, and that should help sustain the economy next year.

She said there may finally be some growth in em