Archive for the ‘Gary Stern’ tag
Fed’s Stern Says 1990s Recession Offers Valuable Guide to Current Turmoil
The current economic turmoil is comparable to the early
1990s, which can be a valuable guide to understanding what’s
next as the U.S. economy seeks to rebound into healthy growth, according
to one Fed official on Thursday.
Minneapolis Fed President Gary Stern, a voter on the
FOMC who is known to tilt towards the hawkish viewpoint, said…
Fed’s Stern Says Inflation Outlook Has Improved
Speaking in an interview with CNBC, Minneapolis Federal Reserve
President Gary Stern (voter) said the outlook on core
and headline inflation has improved.
Stern commented that the current drop in energy prices has alleviated
inflation concerns. He added that it would be “some time before we see
some growth in the economy.” When asked whether the U.S. economy was in a
recession, he answered that…
Fed’s Stern Says Credit Crunch to Last Longer, Could Get Worse
In an interview with the Financial Times over the weekend, Minneapolis
Fed President Gary Stern (voter) said the credit
crunch in the U.S. would last for several more months and
conditions could deteriorate further.