Tuesday, August 18, 2015

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U.S. Lacks Ammo for Next Economic Crisis

Policy makers worry fiscal and monetary tools to battle a recession are in short supply

Federal Reserve Chairwoman Janet Yellen, speaking at a Senate hearing last month, has described low interest rates as insurance against another economic downturn.
As the U.S. economic expansion ages and clouds gather overseas, policy makers worry about recession. Their concern isn’t that a downturn is imminent but whether they will have firepower to fight back when one does arrive. Blog this'

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