Why Congress and the Fed Can’t Get the Economy Back on Track
Although the U.S. economy is no longer in a recession, recovery has been painfully slow. The outlook is still bleak: Congress is likely to cut spending and raise taxes, while the Fed is in no mood to lower interest rates. Alan S. Blinder, professor at Princeton and former Vice Chairman of the Board of Governors of the Federal Reserve, discusses in a new article on ForeignAffairs.com.
What do you think Congress and the Fed should be doing? Is Blinder’s assessment right? Tell us on our Facebook page or tweet @ForeignAffairs.