Washington, Jan 8 (Prensa Latina) Uncertainty about the US economy has increased due to market turbulences, although a minimum growth is expected over the next few months, Federal Reserve Chairman Dennos Lockhart said on Monday.
The negative elements in our economy would be gaining ground. I think these circumstances demand that officials be ready to respond pragmatically to the developments that may emerge, Lockhart said in a speech.
Many Wall Street firms expect a new 0.5-percent drop in the interest rates of the Federal Reserve, which will hold its next meeting on monetary policy in late January.
Few jobs were created and the country’s unemployment rate increased 5 percent in December. These are major indicators to measure the economic unbalance and raise fears of a recession.