Dallas Fed President Richard Fisher says the Fed’s efforts at aggressive rescue should soon see results to stop the decline in growth. Minneapolis Fed President Gary Stern says at least a mild recovery should take hold by mid-year before healthier growth kicks in during 2010. Richmond Fed President Jeffrey Lacker says it is reasonable to expect the economy to hit bottom later this year and then begin a gradual recovery. Dow Jones industrial average rose 174 points, finishing at its highest level in almost six weeks after hitting a near 12-year low on March 9.”]
Source: https://www.cuinfosecurity.com/feds-recession-may-be-in-final-stages-a-1324