The U.S. can be an engine for global growth this year and unemployment in the world’s largest economy will go back to its “natural” rate, said Edmund Phelps, the Nobel-prize winning economist and Columbia University professor.
Edmund Phelps, a Nobel Prize-winning economist and professor at Columbia University, says "the Federal Reserve Bank averted a serious mistake" at the last minute by implementing a second round of quantitative easing. Phelps speaks with Bloomberg's Sara Eisen and Michael McKee on "Bloomberg On the Economy."
Central bankers from around the world meet in Jackson Hole, Wyoming, starting Thursday for the Federal Reserve’s annual symposium. They have a lot to discuss; more, it’s safe to say, than they would like.