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Friday, September 7, 2007

Housing Harming Broader Economy?



September 7 2007 Bloomberg.com
Federal Reserve Bank of Atlanta President Dennis Lockhart said he hasn't seen conclusive signs that the U.S. housing recession has harmed the wider economy and warned that inflation has yet to be contained. "So far, I have not seen hard or soft data that provide conclusive signs that housing problems are spilling over into the broad economy,'' Lockhart said in his first speech on the economic outlook since taking office in March. He cited "real- time information'' from regional business contacts.

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