Forex Trading - Fed's Fisher on the Wires
Posted by Alex Chernomordin on Tue, 08/26/2008 - 7:50am in
The Federal Reserve Bank's Fisher had the following comments this morning in regards to the US Economy:
- US GDP may turn negative in 2008.
- Remains concerned about inflation outlook
- Unclear whether to offer new liquidity sources.
- US Growth likely to maintain slow pace during the second half.
- Cannot determine whether energy will continue a downward trend, Fed will act if inflation pressures continue.
- Fisher feels the housing sector has not reached its bottom, sees house price continue to decline.
- Treasury and Congress are the best support for the GSE's.
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