Speech by Anthony Santomero of Philadelphia Fed

SPEECH - Santomero sees "clear signs of renewed growth by mid-year, and a healthy pace of sustained growth by year-end". He suggests 2002 will be a turnaround year with the Greater Philadelphia region recovering along with the nation.

Remarks by Anthony Santomero, President of the Federal Reserve Bank of Philadelphia, before the Philadelphia Chamber of Commerce, Philadelphia, PA, 8 January 2002.

Economic Outlook

Introduction

Good morning. It is a pleasure to be with you to talk about the economic

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