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Transcript: Fed's Beige Book: Economic Weakness Slowing
- Article from:
- NPR Morning Edition
- Article date:
- April 16, 2009
- Author:
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STEVE INSKEEP
NPR Morning Edition
04-16-2009
Fed's Beige Book: Economic Weakness Slowing
Host: STEVE INSKEEP
Time 11:00-12:00 PM
Play Audio
STEVE INSKEEP, host:
There may be some other bright spots in the economy. The Federal Reserve, in its latest so-called Beige Book Report, sees some possible signs of improvement in an otherwise bleak situation. NPR's Wendy Kaufman reports.
WENDY KAUFMAN: The Beige Book is based on anecdotal information collected by the Fed's 12 regional banks. The material provides a snapshot of what's going on in various industries across the country. Nearly half of the regional banks reported that the economic freefall was slowing and several said some industries ...
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... ... districts in July's Federal Reserve Beige Book. New York, Philadelphia, Richmond ... concern over declining loan quality," the Beige Book noted. Contacts in the Richmond district ... was "little changed" since the last Beige Book report. In the Chicago district, credit ...
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