Boston Fed's Minehan on the US economy

In a speech given on 20 March Cathy Minehan of the Federal Reserve Bank of Boston said the U.S. economy is likely to continue to grow solidly this year, despite risks of a slowdown in the housing sector and higher inflation.

But she said growing deficits may cut into growth in the long-term.

"There are short-term questions to be sure -- the impact of changes in residential housing markets and the prospects for inflation are two -- but, overall, the economy in 2006 seems likely to be very well

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