Fed's Bullard still sees stronger second-half (!?)

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Fed's Bullard still sees stronger second-half (by Greg Robb)

WASHINGTON (MarketWatch) - The economy is still on track to improve in the second half of the year, said James Bullard, the president of the St. Louis Fed Bank, on Thursday. Bullard said the downward revision to second-quarter gross domestic product released earlier in the day was not surprising. "I still think we're on track for 2% growth in the second half of the year and a little bit faster next year," Bullard said in an interview on CNBC. Thursday morning the government chopped its estimate of growth in the April-to-June period to a 1.3% growth rate instead of 1.7% previously estimated.

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