Sentences with phrase «devastating recession»

Eight years after a devastating recession opened an era of loose U.S. monetary policy, the Federal Reserve was set on Wednesday to raise rates for the first time since 2006, in a sign the world's largest economy had overcome most of the wounds of the global financial crisis.

Following the devastating recession of 1980 - 82, AOMI was restructured and later sold, although the Fegen name was retained.

An amazing fact: after years of strong growth in the overall economy, the typical middle - class family is on shakier ground right now than it was at the end of the devastating recession of the early 1980s.