Friday, February 8, 2008

Janet Yellen: Slow Growth, No Recession

The United States will not get out of its economic slump any time soon, but might be able to avoid a recession, according to the head of the San Francisco Federal Reserve...

"I consider it most probable that the U.S. economy will experience slow growth, and not outright recession, in coming quarters," Yellen said.

read the CNN story

Opinions remain divided on whether there will be a recession.

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