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Paulson says any U.S. Q1 growth remarkable given headwinds

WASHINGTON (MarketWatch) — Treasury Secretary Henry Paulson said Wednesday he wasn’t satisfied with the anemic growth rate in the first quarter, but said any growth was remarkable given the headwinds facing the economy. In an interview with Bloomberg cable television business channel, Paulson said the financial markets were returning to normal but said there would be “some more bumps in the road before we get through this.” Once again Paulson urged financial firms to raise capital. “We’re not just talking about major institutions that are in the newspapers,” he said. He singled out the promises of Fannie Mae and Freddie Mac to raise additional capital.
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Original post by Forextvblog

This entry was posted on Wednesday, April 30th, 2008 at 5:01 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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