Banks not withholding credit: Richmond Fed’s Lacker
While output had grown moderately over 2009, the level of economic activity in the US was still low and employment figures remained anaemic, said Jeffrey Lacker, the president of the Richmond Federal Reserve, in January.
Delivering his economic outlook to a regional risk management association, he added that growth and incomes would continue to pick up this year. Lacker pinned this to significant improvements in financial conditions over 2009 and said anecdotal reports of individuals being
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