Manufacturing Industry
Federal Reserve Board.(Brief Article)(Statistical Data Included)
Purchasing, March, 2001
A consensus of Federal Reserve Board governors and bank presidents places real GDP growth between 2%-2.5% in 2001, according to recent Congressional testimony by Federal Reserve chairman Alan Green-span. While noting this implies a "substantial slowdown" Greenspan said the group foresees "an implicit strengthening of activity after the current rebalancing is over." Smart money says Green-span left open the door to more interest rate cuts, but they'll probably be less dramatic than the two 50 basis point cuts made in January.
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