Santomero on the U.S. economy: Back on course

In a speech 'The U.S. Economy: Back on Course' given on 21 July, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the US economic expansion still has ample momentum and recent signs of softness should be transitory.

"Some of the most recent data have been on the soft side, but I think this reflects the usual fits and starts in a dynamic economy, not a significant change for the broad outlook," Santomero said in prepared remarks to the Philadelphia Business Journal.

"If the

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