Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $5,042
6%  
Woo hoo!! And now only $628 to reach 7%!! Thank you all very much!! God bless.

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  • Fed's Lockhart says U.S. recession risks have risen (Ignores them & talks back interest pledge!)

    08/15/2011 11:45:12 AM PDT · by xzins · 16 replies
    Reuters ^ | Mon Aug 15, 2011 1:54pm EDT
    FLORENCE, Alabama | FLORENCE, Alabama (Reuters) - The risk of a new U.S. recession has risen over the last couple of months, but an outright contraction will most likely be avoided, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday. Lockhart said there is plenty the central bank could do if the economy does deteriorate further, including ramping up asset purchases or shifting their composition. Recent market volatility, driven in part by concerns of slowing economies both in the United States and Europe, threatens consumer confidence and could put a crimp on spending, Lockhart told a Rotary Club meeting....