Fed's Ferguson - US economy resilient

US - The U.S. economy appears to be shaking off the devastating impact of the 11 September attacks, says a key member of the U.S. Federal Reserve.

With mortgage rates at record lows, retails sales increasing and even the relentless increase in jobless claims taking a break, Roger Ferguson, the vice-chairman of the Federal Reserve, said yesterday that the U.S. economy is proving to be more resilient than expected.

"As testimony to the resilience of the American spirit, the immediate impact of th

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