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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 14, 2010
Page
16
The AP reports the Fed has limited power to lift growth with rates near zero. With Congress reluctant on stimulus and consumer spending weak, the July retail dip and ballooning trade deficit underline a slow recovery. The Fed hints at further asset purchases, but bank lending remains constrained amid uncertainty.
FDA Commissioner Margaret Hamburg reports China is tightening regulation of exporters after scandals in vaccines infant formula and pet foods. She notes ongoing U S China cooperation to boost manufacturing practices and supply chain control with FDA offices in Shanghai and other cities and an automated system to flag high risk shipments.
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