US TSY'S TAYLOR: US 2Q GDP LIKELY SLIGHTLY BELOW 1Q +1.3% Y/Y
S TSY'S TAYLOR:GENERAL INFL. RISE NOT SEEN,MUST STAY VIGILANT
US TSY'S TAYLOR: US GROWTH TO PICK UP IN 2H; 2002 GDP ABOUT 3%
US TSY'S TAYLOR:CBANKS MUST COMBAT SLOWER GROWTH AND INFLATION
US TSY'S TAYLOR: SIGNS OF SLOWDOWN IN EUROPE/GERMANY DUE US