Atlanta Fed's Lockhart Says U.S. Slowdown to Have Global Impact

Printer Friendly

Email This Story To A Friend

Speaking at a conference on Saturday, Dennis Lockhart, Atlanta Fed President (non-voter) said inflation levels were 'elevated' and that a slowing U.S. economy would have global repercussions.

He also pointed out that the U.S. economic slowdown was technically not a recession and that the second quarter could very well deliver some economic growth.

Nevertheless, a slowdown should have a disinflationary impact and that early indication could suggest 'softening' of prices.

Lockhart also said he expected the U.S. dollar to remain with world's dominant currencies.

By Erik Kevin Franco
©CEP News Ltd. 2008

Related Tags

Select a Tag for more information related to that Tag. (View All Tags)

Comments (0)

Post Comment

No Comments At This Time

Post A Comment

Please fill out the form below to submit a comment.

Name:
(Required - Type Anonymous or Use First Name Only if Private)

Email Address:
(Not Required So No Fake Emails Please.)

URL or Weblog:
(Leave Blank If You Don't Have One - Use http://)

Comments:
(Please keep comments on topic. No HTML Allowed. No Advertisng.)
Please Note: Due to Comment Spam, all comments are reviewed by hand. Most comments will appear shortly after submission but it may take up to 12 hours to appear. If you would like to come back, click here to Bookmark the page.
PLEASE DO NOT USE ALL CAPS

Character Count = (5000 Character Limit)

If you would like to leave a longer comment, please submit your comments in 5000 character increments and we will merge your comments.

Notify me via email when my comment is approved.

Note: Please don't bother spamming. All submissions are reviewed by our our editorial staff. Comment spam and irrelevant links will not be approved.

Atlanta Fed's Lockhart Says U.S. Slowdown to Have Global Impact

Story Tools

Related Tags

Comments (0)

Post A Comment