US’ Rubin says while US economy still has momentum it has slowed some

Robert Rubin was Secretary of the Treasury during the Clinton administration. Speaking at a conference in Shanghai:

• US
  economy still has momentum but it has slowed some
• We still have some reasonable growth, it is slowing but I think
  the Fed is doing about the right thing

Earlier on we heard from a Fed official:

• Fed’s Daly says need to cut rates because economy slowing, inflation falling

This article was written by Eamonn Sheridan at www.forexlive.com.