Federal Reserve Could React To Stalled Economy
A stalled U.S. economy and a plunging stock market may lead the Federal Reserve to react with the limited resources that it has left at its disposal, The Associated Press reported.
The central bank for the U.S. is expected to acknowledge its part in the adverse trends that have occurred since the policy-making committee for the organization met in June. While this is viewed as the minimal action that will occur, many private economists have predicted that Chairman Ben Bernanke and his colleagues will do more than just admit their inadequacy, according to the news outlet.
Bernanke had said in July that the organization would consider more stimulus only if the U.S. economy were to weaken more than it already had, a statement that has now caused analysts to predict further government intervention in the form of another stimulus, reported the AP.
“I don’t think the Fed can stand by,” Mark Zandi, chief economist at Moody’s Analytics, told the news agency. “This is a crisis of confidence and the Fed needs to shore up confidence.”
Special To Personal Liberty You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to email@example.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.
Join the Discussion:
View Comments to “Federal Reserve Could React To Stalled Economy”
Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.
Is there news related to personal liberty happening in your area? Contact us at firstname.lastname@example.org