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Federal Reserve official sees 'lost decade' in Mississippi.

Publication: Mississippi Business Journal
Publication Date: 30-JUN-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The crowd gathered at the University Club in Jackson received a dose of good news and bad news June 25 at a meeting of the Mississippi Economic Forum (MEF).

The good news: Although it is feeling the shockwaves of the subprime mortgage collapse, Mississippi's housing economy is holding steady. The bad news: The state has just wrapped up what one official from the Federal Reserve Bank in St. Louis called "a lost decade."

William Emmons and Julie Stackhouse, both of the St. Louis branch of the Federal Reserve, were the keynote speakers at the MEF function and offered what Emmons termed...

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