Fed's Fisher: US Recovery Will Be a 'very Slow Slog'‏

FED'S FISHER SAYS U.S. RECOVERY LIKELY TO BE A `VERY SLOW SLOG' FED'S FISHER The Dallas Fed chief is speaking to a Texas bankers group, saying the Fed's action has brought the economy back from the"abyss", with signs now emerging that worst of decline is easing. But hecautious that economy apt to bounce along the bottom "for a while", with recovery to be a very slow slog, not a V-shaped snapback, nor even a U-shaped one. Moreover, he thinks price pressures will be "meek" with riskon the deflationary side.