ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN DR. SKOSPLES' NATIONAL INCOME AND BUSINESS CYCLES COURSE AT OHIO WESLEYAN UNIVERSITY
Tuesday, March 9, 2010
Volcker Says Too Soon to Cut U.S. Monetary, Fiscal Stimulus
This article talks about how it is still too early to undo the emergency policies that have been put in place to help our struggling economy. one of these policies is how the fed has kept interest rates near zero to encourage spending. One reason that the white house thinks that is is still to early to undo policies like this is because the unemployment rate is still too high. This also talks about how the budget deficit is now at around 1.6 trillion which is means that there is still a lot of trouble ahead in our economy.
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