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27 Aug

Economy stabilizing, housing no longer drag: Fed’s Lacker (Reuters)

Posted in business on 27.08.09

Richmond Federal Reserve Bank President Jeffrey Lacker attends a conference at Hebrew University in Jerusalem November 3, 2008. REUTERS/Baz RatnerReuters – Richmond Federal Reserve President Jeffrey Lacker was quoted on Thursday as saying the U.S. economy was stabilizing after a painful recession and the shattered housing market will no longer be a drag on economic activity.



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