WASHINGTON -- The Bush administration on Friday renewed its pressure on the Federal Reserve to boost growth in the money supply and consider another cut in interest rates after the Labor Department reported that the U.S. economy continued to grind along in low gear during August.

In a meeting with White House reporters, Michael Boskin, chairman of the President's Council of Economic Advisers, said, "We certainly expect the Fed will be doing everything it can to make sure money supply gets back up" to the middle of the Fed's target range.

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