FedEx chief says U.S. is not in a recession - Asbury Park Press
FedEx Corp. Chief Executive Officer Fred S said the U.S. economy isn't in a recession and that oil prices will "drift down for a while.''
"I don't think we're in a recession,'' Smith, 63, said today in a Bloomberg Television interview from FedEx's headquarters in Memphis, Tenn. "We're in a period of extremely low growth brought on by high fuel prices and the financial meltdown.''
FedEx Corp. Chief Executive Officer Fred S said the U.S. economy isn't in a recession and that oil prices will "drift down for a while.''
"I don't think we're in a recession,'' Smith, 63, said today in a Bloomberg Television interview from FedEx's headquarters in Memphis, Tenn. "We're in a period of extremely low growth brought on by high fuel prices and the financial meltdown.''