Many are skeptical of the Fed’s ability to boost the US economy

September 30th, 2011|by Michael Ashley Schulman, Perspectives, The Big Picture|

Many are skeptical of the Fed’s ability to boost the US economy. Some believe that further stimulus might actually be damaging. Although the potency of monetary policy is diminished when private debt is high, there are many tools that could raise demand. Thus, we believe the US is not in a liquidity trap; for instance, […]