(Reuters circulated the following story by Nick Carey on January 22.)
CHICAGO — U.S. Federal Reserve’s three-quarter-of-a-percentage-point rate cut should help provide a needed boost for the U.S. economy, the top executive of U.S. railroad company CSX Corp. said on Tuesday.
“A three-quarter-point cut should help fuel the economy,” Chief Executive Michael Ward told Reuters in a telephone interview.
Ward said he does not expect a recession to hit the U.S. economy this year, adding: “I still see growth in the economy this year.”