Fed's Kohn on business capital spending

In the speech 'Business capital spending' given on 27 April Donald Kohn of the Federal Reserve said solid business investment should prevent U.S. economic growth from easing too abruptly as the housing sector slows.

"The latest reads on business spending and intentions point to continued solid growth in capital spending," Kohn told a group of forecasters in New York.

If the expected easing in home purchases and values proves more severe, however, it could threaten the outlook for investment, Kohn

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