Federal Reserve policy makers are improvising as they debate embarking on a second round of unconventional monetary stimulus, said Alan Blinder , former vice chairman of the U.S. central bank.
Former Federal Reserve Vice Chairman Alan Blinder trimmed his forecast for U.S. growth while saying it’s unlikely the nation will slide back into a recession.
Former Federal Reserve Vice Chairman Alan Blinder said the central bank cannot accurately predict asset-price bubbles, and that no risk-free strategy exists as policy makers try to boost employment and the economy.
Weak economic growth and a slowing labor market in the U.S. underscore the need for more fiscal and monetary stimulus, said Alan Blinder, former vice chairman of the Federal Reserve.
Limiting leverage is “a crucial part” of guarding against future financial meltdowns, said Alan Blinder, former Federal Reserve vice chairman and current Princeton University economics professor.
Federal Reserve Chairman Ben S. Bernanke may be reluctant to ease monetary policy further with unconventional steps in the near term, former Fed Vice Chairman Alan Blinder said.
"I'd start it really low and schedule it to increase over time so that businesses around America would know that it would pay to invest in energy-saving technology today."
- Alan Blinder on Jun 27, 2014
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