Fed May Weigh More Stimulus on Flagging Recovery

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#1 Tue, Aug 2, 2011 - 9:23am

Violent Rhetoric

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Fed May Weigh More Stimulus on Flagging Recovery

May Weigh More Stimulus? May? Really!?! .

https://www.bloomberg.com/news/2011-08-02/fed-policy-makers-may-consider-additional-stimulus-as-u-s-economy-slows.html

Federal Reserve policy makers may start weighing additional steps to prop up the recovery after growth fell below 1 percent in the first half of this year and economists began cutting second-half growth forecasts.
“At a minimum, the FOMC will have a serious debate about the policy options -- what they should do, and what they expect to get from it,” said Roberto Perli, a former associate director in the Fed’s Division of Monetary Affairs, referring to the Federal Open Market Committee. “Growth in the first half was dangerously close to zero,” said Perli, director of policy research at International Strategy & Investment Group.

Edited by: Violent Rhetoric on Nov 8, 2014 - 5:05am

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Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty. This is known as “bad luck.” ~ Robert Heinlein