Santomero on prospects for the U.S. economy for 05

In a speech on 'Prospects for the U.S. economy for 2005' given on 16 November, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the U.S. economy is on course for a sustained period of moderate economic growth with low inflation.

"I believe we are now on course for a sustained period of expansion at a moderate pace," Santomero said in a speech at a conference hosted by Carnegie Mellon University in Pittsburgh.

"Strong business investment spending and continued growth in consumer

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