Engineering News

Dow's Liveris expects soft landing for US economy
Fri Sep 14, 2007 10:12am EDT

NEW YORK, Sept 14 (Reuters) - Dow Chemical Co Chief Executive Andrew Liveris said he expects a soft landing for the U.S. economy and expects the credit crisis to sort itself out.

"The U.S. consumer will continue to buoy up the economy ... When I say buoy up, (I mean) buoy it up so that it's a soft landing versus a recession," said Liveris.

A loosening of monetary policy is still available to the U.S. Federal Reserve, said Liveris, adding that this could help the United States avoid a recession.

Liveris said he would favor a rate cut by the Federal Reserve as it would send a positive signal to the market.

Source: Reuters

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