Fed's Parry sees U.S. rebound after rough patch

The U.S. economy may hit a rough patch in the next few months but should rebound to a modest growth rate by year-end, Federal Reserve Bank of San Francisco President Robert Parry said on Feb 21, 2001.

Parry said the most recent data on inflation were cause for concern but that concern was tempered by slower rises in core rates, which exclude volatile food and energy prices. Acknowledging the uncertain outlook for the economy, Parry said it was too soon to say how sharp the current slowdown wil