Journal Article

Breaking out of recession: gauging Texas’ response to Fed stimulus

Abstract: From the time the U.S. recession began in December 2007 through the subsequent recovery, Texas and the Eleventh Federal Reserve District have outperformed the nation.While economic activity is better in Texas, it remains far from robust. And though Texas employment hasn?t fully reclaimed levels reached before the crisis, the other 11 Federal Reserve districts remain 3 to 8 percent below predownturn employment peaks as a postrecessionary disquiet lingers.

Keywords: Monetary policy; Troubled Asset Relief Program; Banks and banking - Texas;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Southwest Economy

Publication Date: 2011

Issue: Q3

Pages: 3-7

Order Number: 3