... In view of the state of the credit markets, it seems a fair bet that it will take time for momentum to build," Gary Stern, president of the Federal Reserve Bank of Minneapolis said in a speech Thursday. "But with the passage of time as ...

... Meyer. On Tuesday, two other Fed officials, Anthony Santomero, head of the Fed's Philadelphia regional bank, and Gary Stern, president of the Minneapolis Fed branch, had both predicted a return to healthy growth of around 3 percent to 4 percent ...