US Economy to Rebound in 2009

Business Spectator - Fed's Lacker-reasonable to expect rebound in 2009

"Many analysts expect the US economy to regain
positive momentum sometime in 2009," Richmond Fed Bank President
Jeffrey Lacker said in a speech to the Tech Council of Maryland.

Mr Lacker argued the economy could be seen as ready to rebound next year.

Monetary policy is "quite stimulative," he said. Also, the major shocks that have dampened economic activity this year "have subsided already or are in the process of doing so," he added.