In the News
Can the Federal Reserve manage the next economic crisis?
From American Enterprise Institute:
R Street Fellow Alex Pollock appears at 1:11:49.
When the next recession hits, will the government be able to stimulate growth? Massive budget deficits are pushing debt-to-GDP ratios toward new highs. Will markets balk? With its conventional tools exhausted, the Fed needs new strategies. Will the Fed use quantitative easing to embrace modern monetary theory and directly purchase government debt? Will it buy the debt or equity of private firms? Will these strategies work? How will financial markets and the economy react? Will interest rates go negative? How negative? Can the government improve its policy options? Join AEI and a panel of experts to discuss these important issues.