U.S. Economy Still Vulnerable to New Shocks, Says Geithner:
NEW YORK (TheStreet) -- Treasury Secretary Timothy Geithner sounds just as cautious on the U.S. economy as Federal Reserve Chief Ben Bernanke does these days.
"We face additional challenges, with Europe confronting a severe and protracted crisis and the world engaged in a critical struggle with Iran, which is adding to upward pressure on oil prices," said Geithner in a speech for the Economic Club of New York on Thursday night.
The secretary acknowledged several improving aspects of the economy, but said "we still face a "dangerous and uncertain world," highlighting the threat of rising oil prices.
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NEW YORK (TheStreet) -- Treasury Secretary Timothy Geithner sounds just as cautious on the U.S. economy as Federal Reserve Chief Ben Bernanke does these days.
"We face additional challenges, with Europe confronting a severe and protracted crisis and the world engaged in a critical struggle with Iran, which is adding to upward pressure on oil prices," said Geithner in a speech for the Economic Club of New York on Thursday night.
The secretary acknowledged several improving aspects of the economy, but said "we still face a "dangerous and uncertain world," highlighting the threat of rising oil prices.
...
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