Fed's Ferguson sees economic rebound

US - The US economy is likely to rebound "before too long" given the stimulative impact of Federal Reserve rate cuts and the natural dynamics of the economy, said Roger Ferguson, the vice chairman of the Federal Reserve Board.

"Economists have always had difficulty identifying turning points, so I will not try to predict this one. However, I do think stimulative policies in conjunction with the normal equilibrating dynamics of the economy are likely to promote a rebound before too long," Fergu