San Francisco Fed Director Doesn't See Double Dip

San Francisco Federal Reserve Director of Research John C. Williams doesn't see a double dip, according to the Fed's Beige Book. The economic report, which describes economic conditions in the Fed's 12 regions was released at 2 p.m. Williams believes double-dip recession is "highly unlikely", and believes the economy will grow at a 3.5-4% growth rate next year.