Printer Friendly

Fisher says economy may recover only slowly.

Global Banking News-29 May 2009-Fisher says economy may recover only slowly(C)2009 ENPublishing -

Global Banking News - 29 May 2009(c)2005 - Electronic News Publishing -

Federal Reserve Bank of Dallas president, Richard Fisher, has opined that the US economy may be slow to recover.

Fisher said the economic slump would probably persist until next year as consumers remain cautious. He added that the outlook for inflation remains meek. Saying that the economy faces a 'very slow slog to recovery,' Fisher said the recession 'will moderate in the current quarter, and then we are likely to bounce along the bottom for a while.'

Fisher also repeated his view that the US unemployment rate would reach 10 percent.

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -
COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:May 29, 2009
Previous Article:TD Bank reports drop in earnings.
Next Article:Credit Suisse looks to sell London properties.

Related Articles
Treasury official sees challenges for the economy.
Taiwan's leading economic index turns positive in May.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters