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- FED'S LACKER: LACKER: FUNDMENTAL PROSPECTS FOR L-T GRWTH REMAIN QUITE STRONG
FED'S LACKER: LACKER: FUNDMENTAL PROSPECTS FOR L-T GRWTH REMAIN QUITE STRONG
US NEEDS FISCAL PLAN SUSTAINABLE OVER LONGER RUN
MON POL EFFECT ON EMPLOYMENT LESS THAN WIDELY THOUGHT
EXPECT RISKS POSED BY EUROPE TO US TO DIMINISH NEXT YR
EXPECT MEANINGFUL PROGRESS ON US BUDGET W/ELECTION PAST
ECONOMIES TAKE TIME TO RECOVER FROM SEVERE SHOCKS
CONTINUALLY BUYING SECURITIES JEOPARDIZES INFL GOAL
BANK RESERVE SUPPLY AMPLE;LARGE ENOUGH TO SUPPORT RECOV
OUTLK PREDICATED ON CONT GRADUAL RISE IN HOUSEHLD CONF
CAUTIOUSLY OPTIMISTIC' ABOUT NEAR-TERM US OUTLOOK
MUCH OF RECENT SLUGGISHNESS IN US ECON 'UNDERSTANDABLE'
NOT CLEAR MPOL CAN CAUSE MATERIAL ECON IMPROVEMENT NOW
SEES FURTHER IMPROVEMENT IN GROWTH TOWARDS END 2013
EXPECTS 2013 GROWTH AT ANNUAL RATE OF 2% OR ABOVE
MORE RISKY,DIFFICULT TO EXIT LARGER FED BALANCE SHEET
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