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Back from the abyss: now what?


  • Richard W. Fisher


Remarks before the 125th Annual Convention of the Texas Bankers Association, San Antonio, Texas, May 15, 2009 ; "The most recent reports indicate that job losses may be slowing; trucking companies--a group often looked to as a leading indicator--report a slight pickup in sales; purchasing managers are reporting that the pace of decline in new orders has abated; and retail sales are getting slightly less worse. These are encouraging signs. But we are not out of the woods. We have miles to go before we sleep."

Suggested Citation

  • Richard W. Fisher, 2009. "Back from the abyss: now what?," Speeches and Essays 10, Federal Reserve Bank of Dallas.
  • Handle: RePEc:fip:feddsp:10

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