Saturday, September 5, 2009

Fed's Fisher sees near-term strength for economy

This is a good article that talks about how we are saving more than in the past. Fisher suggests that it will be a slow crawl back to economic growth. Because firms are not seeing growth in profits, focus is on cutting costs and to remain on the payroll, productivity must improve. I also like the stance he takes on Congress not interfering with the Fed's current monetary policies. Politics creates a desire for immediate solutions.

No comments: