The Fed sees the world's biggest economy growing in a range of 1.3 to 2.0 percent this year, "appreciably below its trend rate." That marked the second downward revision of output growth for 2008 since the central bank began issuing quarterly economic updates in November. In the initial report, the central bank lowered its output estimate by a three-quarter point to a 1.8-2.5 percent range. |
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OpedNews volunteer from 2005 to 2013.
Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.