Archive for the ‘Triple Threat’ tag
Fed’s Evans Said U.S. Economy Faces Three-Front Battle
The downside risks to growth have recently risen and the economy is
expected to be “extremely sluggish” in 2008, according to one Fed
official on Friday.
Chicago Fed President Charles Evans (non-voter) said
the U.S. economy faces a triple-front threat as growth risks are on the
rise, inflation is “unsettingly high” and financial markets remain in
turmoil amidst depressed housing and auto markets.