Does The Fed Have Anything Else in its Bag of Tricks?
July 27th, 2010
The economy is much more sluggish than the members of the Federal Reserve Board and experts, in general, expected.
Economists are ratcheting back GDP growth expectations. What started out as optimistic has turned to rational. And, now, the projections for GDP growth are tenuous.
The Fed is suggesting growth will be in the 3 to 3.5 percent range.
What’s troubling is that the Fed and every other governmental budget officer has spent their wad on propping up the economy. Is there anything else they can do?
The answer is, “yes.”
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