By: Wall Street Pit
April 06, 2009 at 15:22 PM EDT
Fed Warsh Is Decidedly Uncomfortable Forecasting Growth
The U.S. economy is in a state of a panic that predated the official recession and may have significant long-run implications, Fed Governor Kevin Warsh said on Monday. In remarks to the Council of Institutional Investors, Warsh said that while the pace of economic decline was likely to abate, “I am decidedly uncomfortable forecasting a sharp [...]
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