Federal Reserve Member Talks Economy With Craven County Residents

People attending the 20th Annual Economic Forecast meeting in Craven County Thursday heard from guest speaker Richard Kaglic from the Charlotte office of Federal Reserve Bank of Richmond.

Kaglic says there's not much difference between state trends and national trends. He says a disappointing area in our country's economic recovery is in the employment growth. There have been 2.5 million net new jobs created since the recession began, but nearly 8.8 million jobs were lost.

As far as the job market on a national scale goes, Kaglic says it's heading in the right direction but it's going to take a long time to get back to where it was.

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  • by Chris on Jan 5, 2012 at 07:17 PM
    Simple fix: Abolish the Federal Reserve, thats all it will take to put this country in the right direction.
    • reply
      by c-had on Jan 9, 2012 at 01:02 PM in reply to Chris
      Right on. It would be a step in the right direction.

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