Atlanta Federal Reserve President Dennis Lockhart Said That Better Data Does Not Signal Recovery

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Atlanta Federal Reserve President Dennis Lockhart Said That Better Data Does Not Signal Recovery

The recession that impact US and other countries made the government try harder to recovery this bad condition especially in the finance and economic field. Despite US government try everything for handling this, even the Atlanta Federal Reserve President, Dennis Lockhart, said the US conducted the data improvement since a month ago and this condition looks will continue for several months ahead.

The new regulations, which expected able to reduce the impact, are even more increasing the economic condition into the backward move. Wednesday, the data from government showed that the prices of goods increasing than February. It’s the first time in last seven month. This data also showed the new home price out of line.

Lockhart commented when he presented the food conference in Paris a few days ago that he would always caution that one month does not make a recovery so they have to be careful not to react too strongly to one month

He added that most of the data that they followed appear to signal a continuing recession, at least a few more months. When he asked was their team had improved the new regulations that they made before, he only said he thought it was too early if he has comment about that, and he agreed with Secretary Geithner that the U.S. dollar in all likelihood would remain a dominant reserve currency but there were nothing wrong with discussing alternatives

At the beginning, US investor thought that his signing as the agreement from proposal, which sent by China that mentioned replaced the US Dollar as the world ‘s reserve currency.

The US Treasury Secretary, Timothy Geithner, US currency would keep as the top reserve in the world for long time despite dollar move down a few time ahead.

When she answered about what should the government do later, he answered that has not been decided yet, right now!

Atlanta Federal Reserve President Dennis Lockhart Said That Better Data Does Not Signal Recovery on Finance and Business

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