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Fed: Recovery may lose steam
Posted By admin On April 7, 2010 @ 4:27 am In Money Watch | Comments Disabled
Wednesday, April 7th, 2010
Federal Reserve policymakers are worried that the economic recovery may lose steam going forward, despite recent moderate improvements, according to minutes from their recent policy meeting released Tuesday.
Though the latest data suggest an uptick in economic activity, Fed members believe that some sectors of the economy could stifle overall growth, the minutes from the March 16 meeting said.
“While participants saw incoming information as broadly consistent with continued strengthening of economic activity, they also highlighted a variety of factors that would be likely to restrain the overall pace of recovery, especially in light of the waning effects of fiscal stimulus and inventory rebalancing over coming quarters,” the minutes said.
But Fed policymakers indicated that they could raise rates as soon as they see continued signs of life in the economy, according to the minutes.
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