Free Republic 2nd Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $9,054
11%  
Woo hoo!! And we're now over 11%!! Thank you all for your continued support!!

Keyword: close2zer0

Brevity: Headers | « Text »
  • 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....