The Piedmont-Triad Regional Economic Outlook, May 2010

Jeffrey Lacker

Speech from Federal Reserve Bank of Richmond

Abstract: It's a pleasure to discuss the regional and national economic outlook with you today. Like many parts of our country right now, the Piedmont-Triad region faces daunting economic challenges. The recession we have just been through was severe. But the U.S. economy has been expanding since about the middle of last year, and there is evidence of improvement in the Triad region as well. This morning my task is to survey the regional economic outlook for you, in order to help you think through what lies ahead for the Piedmont-Triad. Because economic conditions in the rest of the country are such an important influence on local economic conditions, my approach will be to spend roughly equal time on the national outlook and economic conditions in this region. Before I begin, I should mention that these are my own views and are not necessarily shared by my colleagues on the Federal Open Market Committee.

Keywords: Business; Cycles (search for similar items in EconPapers)
Date: 2010-05-11
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Persistent link: https://EconPapers.repec.org/RePEc:fip:r00034:101630

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