Moskow on the economic outlook

SPEECH - In the speech 'Moskow on the economic outlook' Michael Moskow of the Federal Reserve Bank of Chicago said following the Federal Reserves recent half point interest rate cut that, the low-inflation environment has allowed us to maintain an accommodative monetary policy for some time and the recent cut allowed the Fed to take out some extra "insurance". He expects to see the economic expansion regain momentum next year with growth reaching its potential during 2003.

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