SF FedViews
Timely analysis on the current economy, economic developments, and the outlook.
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FedViews: April 9, 2009
John C. Williams, executive vice president and director of research
The economy has been suffering from an adverse feedback loop in which losses by banks and other lenders have led to a tightening of credit availability, which in turn has crimped spending by households and businesses. The resulting reduction in demand has dragged down the housing sector and the broader economy, contributing to greater losses […]