www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

US banker warns of slower growth

(Shanghai Daily)
Updated: 2008-02-24 15:02

BEIJING - The US will probably experience slower economic growth rather than a deeper downturn, predicts Federal Reserve Bank of Dallas President Richard Fisher.

The most likely scenario is the US will avoid a "prolonged period of negative economic growth," Fisher said in Fort Worth, Texas, without mentioning the term "recession," Bloomberg News reported. He also said he's hearing increasing expressions of concern from executives about inflation, which got his "attention."

Fisher spoke after data last week showed the US was moving closer to a recession, while inflation was accelerating at the same time. He said on Friday that the slowdown in growth will probably last for a "couple" of quarters and warned it may be difficult to quickly raise interest rates.

Fed officials anticipate growth of 1.3 percent to two percent this year, down from 2.5 percent in 2007. Two members of the panel charged with dating US economic cycles said yesterday that it's too early to decide whether the US is in recession.

Special coverage:
Subprime Crisis Aftermath 
Related readings:
 New mortgage rescue goes beyond subprime
 Voices on 2008 outlook for China's economy
 US economy 'on the edge' of a recession
 
US No.1 mortgage lender under investigation
"We have to be wary of the fact that we are navigating through an extremely narrow passageway here: with on the one side of us inflationary shoals and on the other the risk of weaker economic growth," said Fisher, who alone voted against the Federal Open Market Committee's January 30 decision to lower the benchmark rate by half a point.

The Fed is doing its "very best" to find the right balance between the concerns about both growth and inflation, Fisher said. The central bank must be careful not to stir inflation "embers," he told the Petroleum Club of Fort Worth. Business executives have relayed concerns about "building cost pressures," Fisher said.

Policy makers last month lowered their benchmark rate by 1.25 percentage points to three percent, with an emergency reduction of three-quarters of a point on January 22. The moves were the fastest easing of monetary policy in two decades.

The Fed's rate cuts may be more difficult to reverse in practice than in theory, said Fisher, 58. The former hedge fund manager, US trade official and Senate candidate became head of the Dallas Fed in April 2005.

Minutes of the Fed's January 9 and January 21 conference calls and January 29-30 meeting showed that some officials may favor a "rapid" reversal of rate cuts when the economy stabilizes.

"It just seems to me to put yourself in that position where one might have to shift gears suddenly is a bit precarious," Fisher said. "The ability to raise rates quickly if the mood has shifted" may be "a more difficult thing to do in practice than in theory," he said.



Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 美女被免费网站在线视频软件 | 成年人在线观看网站 | 美女叉开腿让男人捅 | 极品欧美| 中国内地毛片免费高清 | 欧美一级在线观看 | 成人国产亚洲欧美成人综合网 | 中日韩美中文字幕 | 国产成人a毛片在线 | 99国产精品九九视频免费看 | 亚洲国产欧美在线成人aaaa | 中文精品99久久国产 | 国产精品日韩欧美一区二区三区 | 男人好大好硬好爽免费视频 | 亚洲成人国产精品 | 99久久综合精品免费 | 日本久久99| 毛片免费视频网站 | 97久久精品 | 欧美一区二区三区免费 | 国产tv在线| 日本久久久久 | 久久久久国产一级毛片高清片 | 萌白酱在线喷水福利视频 | 操12p| 五月桃花网婷婷亚洲综合 | 日韩性视频网站 | 偷窥女厕国产在线视频 | 欧美亚洲视频在线观看 | 欧美一级高清视频在线播放 | 一级做a爰片久久毛片美女 一级做a爰片久久毛片免费看 | 手机看片日韩日韩韩 | 日韩一区二区三区在线免费观看 | 日韩欧美国产视频 | 91精品国产综合久久青草 | 国产三区视频在线观看 | 日本aaaa片毛片免费 | 国产一级成人毛片 | 在线观看91精品国产入口 | 亚洲成a人片在线播放 | 国产三级久久久精品三级 |