Economic recovery to be sluggish, Fed official says
Nov 13, 2009 | 09:12 AM
| Tatyana Shumsky
The economic recovery will be slow and uncertain throughout 2010 as credit remains tight and the necessity to phase out enormous government subsidies threatens recent improvement in key sectors like housing, banking and industrial production, according to Harvey Rosenblum, executive vice president and director of research at the Federal Reserve Bank of Dallas.
"We've kept the economy from going into depression 2.0," Rosenblum said at an American Copper Council meeting in Dallas. "Now we have to worry about withdrawing some of the stimulus from an economy that's gotten used to the life support and the subsidies."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here