No Easy Fix Ahead ; Fed Can't Make Shoppers, Banks Feel Confident.
Columbia Daily Tribune › August 17, 2010
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Summary
WASHINGTON (AP) -- The Federal Reserve has little power left to lift the economy out of its rut. Congress, with an election looming, has no appetite for more stimulus. Shoppers are reluctant to spend, and businesses are slow to hire.
Let's face it: There is no easy or imminent fix for the flagging recovery.See the full content of this document
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No Easy Fix Ahead ; Fed Can't Make Shoppers, Banks Feel Confident.
The sluggish economic summer wore on Friday with news that Americans spent less at most retail stores in July. Earlier this month came word that the trade deficit is ballooning and companies are not adding jobs fast enough to bring dow...
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