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Fed's Fisher says U.S. likely to avoid recession

MEXICO CITY
Thu Feb 7, 2008 4:52pm EST

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Dallas Fed President Richard W. Fisher in an undated photo. While the U.S. economy is at some risk of a slowdown, it will probably avoid a recession, and any downturn is unlikely to be severe, Fisher said on Thursday. REUTERS/Handout

MEXICO CITY (Reuters) - While the U.S. economy is at some risk of a slowdown, it will probably avoid a recession, and any downturn is unlikely to be severe, Dallas Fed President Richard Fisher said on Thursday.

"I believe that we can avoid a recession," he told reporters after a speech to the Instituto Tecnologico Autonomo de Mexico.

"I don't believe that a mainstream analysis presently, a responsible analysis, can lead to a conclusion that we're going to have a deep negative economic reversal of lasting proportions," he added.

(Reporting by Mark Felsenthal)


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