April 6th, 2010
04:37 PM ET

Fed: Recovery may lose steam

Federal Reserve policymakers are worried that the economic recovery may lose steam going forward, despite recent moderate improvements, according to minutes from their recent policy meeting released Tuesday.

Though the latest data suggest an uptick in economic activity, Fed members believe that some sectors of the economy could stifle overall growth, the minutes from the March 16 meeting said.

"While participants saw incoming information as broadly consistent with continued strengthening of economic activity, they also highlighted a variety of factors that would be likely to restrain the overall pace of recovery, especially in light of the waning effects of fiscal stimulus and inventory rebalancing over coming quarters," the minutes said.

But Fed policymakers indicated that they could raise rates as soon as they see continued signs of life in the economy, according to the minutes.

Read the full CNNMoney.com story

soundoff (3 Responses)
  1. Robbie

    God help us all....total servitude is being manufactured by the Military industrial complex owned and run by the offshore banks. Listen to Alex Jones.Ron Paul.Judge Emanuel and Brannon Howse etc. Your lack of information and savvy does not make them " Kooks" but in fact the bravest floks in the media who have not sold their souls to satan.

    April 6, 2010 at 7:08 pm | Report abuse |
  2. philipe12

    Audit the Federal Reserve. (duh)

    April 7, 2010 at 5:59 pm | Report abuse |
  3. CGeorgeK

    There has never been a recovery... what exists now is only the illusion of recovery – precipitated by the government borrowing, printing and spending money it doesn't really have to spend on an imaginary stimulus plan, unemployment extensions and bail-outs of businesses and companies that should have been allowed to fail without escaping paying their bills through bankruptcy – GM, Chrysler. In addition, there should have been no bailout of Wall Street & Banks – as it was their conspiracy with the help of Congress, of course, that created this financial disaster. Increasing the deficit by throwing money into the economy – is not recovery – it is just deferring the inevitable. Congress has been financially irresponsible for decades. Trillion dollar wars. We have not seen the bottom – not even close.

    June 8, 2010 at 7:42 pm | Report abuse |