WASHINGTON (AP) -- Stock market turbulence, a stagnant job market and heightened worries about a possible war with Iraq are motivation enough for the Federal Reserve to keep short-term interest rates low in the months ahead, economists say.
For rates to move even lower, the Fed would probably need to see clear trouble signs that the nation's economy was slipping back into recession, economists said. The board was to meet this afternoon.
President Bush remained upbeat, telling reporters at the White House that "when you combine the productivity of the American people with low interest rates and low inflation, those are the ingredients for growth."
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