• Fed officials say U.S. recovery faces roadblocks

    The U.S. recession will drag on for some months before a recovery starts in late 2009 or early 2010, but the future is still clouded by risks, top Federal Reserve officials said on Wednesday.
  • Fed's Pianalto Confident In Return To Positive Growth By End Of 2009

    Cleveland Federal Reserve President Sandra Pianalto said Wednesday that although it may be difficult to envision a recovery in the midst of the current recession, she remains confident that stabilization will take place by the end of 2009. Speaking to a Regional Growth Partnership conference in Maumee, Ohio, Pianalto predicted that actions taken by the government and the Federal Reserve would...