Fed's Moskow sees some signs US economy improving

US - The U.S. economy is in a transition period with "scattered signs" of improvement but the timing of a full recovery is still uncertain, Federal Reserve Bank of Chicago President Michael Moskow said on Monday.

Moskow also said he expects U.S. economic activity will be stronger in the second half of 2002 than in the first half but that there were still risks facing the ailing economy as it climbs its way out of a 10-month-old recession.

"We at the Chicago Fed believe we are in a period of tra

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