Fed's Broaddus says US economy may be on the mend

Speaking on Friday 25 July Richmond Fed President Alfred Broaddus said that forecasts for a 3.5 percent pace of growth over the second half of this year appeared on the mark, but warned that "there is not much hard evidence that this is happening yet".

Source: Reuters

Richmond Federal Reserve Bank President Alfred Broaddus said on Friday it was too soon to be certain the U.S. economy was accelerating, but that recent data offered reasons for hope.

"There are a few signs in the recently released