San Francisco Fed's Parry on the economic outlook

In a speech on 'Economic Outlook: National Trends, Regional Implications' given on 16 October, Robert Parry of the Federal Reserve Bank of San Francisco warned that interest rates will not stay at their current lows indefinitely. "The most likely outcome appears to be reasonably strong economic growth for the second half of this year and then a further pickup in 2004." Parry is a voting member of the Fed's policy-setting committee this year.

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