Los Angeles Times | February 18, 2009 | 11:18 a.m. PT Federal Reserve predicts even bleaker economic outlook The Federal Reserve today sharply downgraded its projections for the country's economic performance this year, predicting the economy will actually shrink and unemployment will rise higher. The bleaker outlook represents the growing toll of the worst housing, credit and financial crises since the 1930s. -------------------------------------------------------------------------------- California and the world: Visit http://link.latimes.com/r/NAT6JL/FQWVN/MPRQCA/KHIF/EWEP4F/CM/t for up to the minute news. Mobile: http://link.latimes.com/r/NAT6JL/FQWVN/MPRQCA/KHIF/TPBA3Z/CM/t RSS feeds: http://link.latimes.com/r/NAT6JL/FQWVN/MPRQCA/KHIF/QFLCR2/CM/t Video news: http://link.latimes.com/r/NAT6JL/FQWVN/MPRQCA/KHIF/HDSLKB/CM/t
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