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Re: It's official: economy is tanking

Posted by AlM on Sat Apr 28 11:31:49 2012, in response to It's official: economy is tanking, posted by Chris R16/R2730 on Fri Apr 27 13:05:57 2012.

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2.2% isn't great. But the Federal Reserve says you are exaggerating.

“The committee expects economic growth to remain moderate over coming quarters and then to pick up gradually,” the statement said. It said that unemployment would “decline gradually” and that inflation remained under control despite the impact of the recent rise in oil prices, which it regarded as temporary.

http://www.nytimes.com/2012/04/26/business/fed-to-stick-with-existing-measures.html

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