Boskin Concurs With Fed on Rates--for Now
<i> Reuters</i>
WASHINGTON — The White House’s economic adviser, Michael J. Boskin, said Tuesday that he agrees with the Federal Reserve policy to hold off on further interest rate cuts while it waits to see if the U.S. economy is firmly on the road to recovery.
But Boskin suggested in testimony to the Congressional Joint Economic Committee that the Administration may again push for lower rates if the economy, which appears to be recovering from its first recession in nearly eight years, falters again.
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