FED, AS IN DEAD :

Economic Growth Slows to 1.1 Percent (Jeannine Aversa, July 31, 2002, Associated Press)

The U.S. economy lost momentum in the second quarter of this year, growing at an annual rate of just 1.1 percent. New government figures Wednesday also showed that last year's recession was worse than previously thought and the economy actually shrank in three quarters of 2001.

Could someone tell Andrea Mitchell to check the tub & see if Al drowned, 'cause he sure isn't paying any attention to the economy. Cut rates, now! Posted by Orrin Judd at July 31, 2002 12:45 PM