Santomero - US growth likely 'bit slower' in Q2

US - Economic growth in the second quarter is likely to be a "bit slower" than the 5.8 pct growth rate in the January-March quarter, said Anthony Santomero, the president of the Federal Reserve Bank of Philadelphia.

"As you know, I have indicated for some time, that this is likely to be a more moderately paced recovery than past recessions and recoveries and I think it is developing in that fashion," Santomero told reporters following a speech here.

"The second quarter is likely to be a bit s

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