Negative interest rates could be needed for a ‘V’ recovery, Fed economist says


 

(From CNBC)

“I found that a combination of aggressive fiscal and monetary policies is necessary for the U.S. to achieve a V-shaped recovery in the level of real GDP,” Wen wrote. “Aggressive policy means that the U.S. will need to consider negative interest rates and aggressive government spending, such as spending on infrastructure.”

So, even more Fed enabled crony capitalism. Got it. Keep in mind that the Fed doesn’t even have a model that pretends to know what is happening to this economy.

Reprinted from: https://www.ac2news.com/2020/06/negative-interest-rates-could-be-needed-for-a-v-recovery-fed-economist-says/

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