Fed Reserve Bank Lockhart Says Fed Ready To Do More And Help The Economy
Federal Reserve Bank of Atlanta President Dennis Lockhart is giving a speech today to the Greater Miami Chamber of Commerce in Miami and below are some of the highlights from his speech.
- commercial real estate continues to be under pressure
- real estate issues are complicating recovery
- financial system must be fixed to create a recovery
- Lockhart did say he expects a recovery in the second half of 2009
- He is seeing smart recovery in certain parts of the credit sector
- Fed ready to do more and help the economy
- He concluded by saying that the Fed has the capacity to act, even with the federal funds rate near zero."
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