The longer sluggish economic growth persists

July 31st, 2011|by Michael Ashley Schulman, Perspectives, The Big Picture|

The longer sluggish economic growth persists, the greater the damage to the long-term economic outlook. Thus, Fed Chairman Ben Bernanke still has a bias to ease policy and clearly sees room for additional stimulus should the economy not pick up or unemployment not subside. In addition, inflation numbers should moderate in the third quarter, implying […]