Fed's Guynn: Uncertainty a barrier to recovery

Atlanta Fed chief Jack Guynn said Monday that uncertainty over the war in Iraq, terrorism and oil prices would hinder recovery but that he expects a modest upturn in the economy later this year.

Source: Dow Jones

Businesses and consumers' reaction to the war in Iraq continues to be the main reason why the economy isn't doing all that well, Federal Reserve Bank of Atlanta President Jack Guynn said Monday.

"The risks we're facing now are unusually large and difficult to quantify: uncertainty

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