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Richard Fisher: Interaction of Fiscal and Monetary Policy

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Commonwealth Club of California

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AntwanX Avatar
AntwanX
Posted: 02.24.09, 12:46 AM
It is for sure that the prediction of the Federal Reserve about the United State's economy is not that good. The Federal Reserve has predicted that unemployment is going to keep rising, as much as up to 10%. They also predict the economy won't re-stabilize until next year at the earliest, even with stimulus packages making payday loans to the nation. The range of predictions is going all over the map, from full-on Depression to an early end by 3rd quarter of 2009. One thing is for sure – we all might need some <a href="http://personalmoneystore.com/moneyblog/2009/02/18/fed-predicts-recession-will-deepen-more-payday-loans-for-us/">payday loans</a> before this thing is through.
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