US manufacturer association urge FED to cut rate by another 1% to support export

Jerry Jasinowski, president of US national manufacturer association, said at a press conference that FED should cut rate from 5% to 4.5% or 4% under un-recovered situation. He said the action would weaken US dollar and stimulate export. He said there were signs indicating recovery of economy and rate & duty cut could render support to strong recovery. He expected US economy to record a 2.3% growth and pick up up-trend in Q3.

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