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Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, today discussed the transitions taking place in housing and financial markets and how those developments affect the U.S. economic outlook heading into 2008. Lockhart also described how recent financial market turbulence will ultimately help to usher in a restructured state of normality in markets, which will feature improved risk management practices, reduced leverage and greater transparency for market participants.

In a speech delivered in Huntsville, Ala., Dennis Lockhart discusses the economic outlook and financial market adjustments.

Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, today discussed the transitions taking place in housing and financial markets and how those developments affect the U.S. economic outlook heading into 2008. Lockhart also described how recent financial market turbulence will ultimately help to usher in a restructured state of normality in markets, which will feature improved risk management practices, reduced leverage and greater transparency for market participants.

The Atlanta Fed tracks the performance of the U.S. dollar relative to fifteen major currencies. Find the most recent index data and archives.

If you?re approaching age 70 and have a traditional IRA or employer-sponsored 401(k) or 403(b) plan, you?ll soon need to become familiar with your required minimum distribution (RMD)?the amount of money the IRS requires you to withdraw from certain retirement accounts each year. Bryan Terné of Vanguard IRA Services helps you understand RMDs and how to make them part of your retirement account withdrawal strategy.

Featuring research published in October 2007.