The outlook for the first half of 2009 is grim, Fed's Hoenig says. But "if we pursue systematic...

|By:, SA News Editor

The outlook for the first half of 2009 is grim, Fed's Hoenig says. But "if we pursue systematic policies with the right balance of monetary and fiscal stimulus, the early signs of economic recovery could show themselves as early as the third quarter of 2009."