Thursday, May 21, 2009

Might have to head back to the Money Tree!

Bloomberg report, Fed not fully convinced that the current economic gains will be long term.
Federal Reserve officials, who see possible signs of “stabilization” in the U.S. economy, signaled they’re not convinced those improvements will persist.

Policy makers, meeting April 28-29 in Washington, saw “significant downside risks” to the outlook for the economy, with the global financial system still “vulnerable to further shocks,” minutes of the session released yesterday said.

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