U.S. economy can stand up to terror-Fed's Broaddus

Richmond Federal Reserve Bank President Alfred Broaddus said on 30 October the Sept. 11 attacks did little long-term damage to the U.S. economy.

Source: Reuters

Richmond Federal Reserve Bank President Alfred Broaddus said on Wednesday the Sept. 11 attacks did little long-term damage to the U.S. economy, which should reassure businesses planning long-term investments.

"The short-term economic effect of 9-11, hardly surprisingly, was a sharp drop in economy activity," Broaddus told a conference o

To continue reading...