SLOW GROWTH WARN­ING IS­SUED

The National - News - Business - - The Region -

Cen­tral banks in the United States and other ad­vanced economies will find them­selves stuck with slow growth over the long term un­less fis­cal author­i­ties do some­thing de­ci­sive to turn things around, a US cen­tral banker warned yes­ter­day. That dour view may come as a surprise given that the Fed­eral Re­serve raised in­ter­est rates this month and plans to con­tinue to do so grad­u­ally to keep the US econ­omy from over­heat­ing. Ris­ing in­ter­est rates of­ten sig­nal op­ti­mism about eco­nomic prospects.

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