Economy May be Permanently Stuck in Slow-Growth Mode
Federal Reserve policymakers wrapped up a two-day meeting on August 1 with few options to rev up an economy that may be “stuck in the mud," as Fed Chairman Ben Bernanke recently told Congress. “The problem is the things that are holding back the economy -- the uncertainty about tax rates next year, the problems in Europe and the problems in Asia -- are absolutely nothing that U.S. monetary policy can address with the tools it's got left," said John Ryding, chief economist at RDQ economics. Click here
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