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Thursday, July 19, 2012

Wake Up, Washington: The Economy Needs You | The Exchange - Yahoo! Finance

Wake Up, Washington: The Economy Needs You | The Exchange - Yahoo! Finance
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  1. RAYLOKEJuly 19, 2012 at 7:47 PM

    WAKE UP ;...At the moment, "none of these is spectacular, but each is probably better than it is worse," he says. While it's tempting to say the economy's never going to be growing again, Webman argues the economy isn't stumbling as badly as some would say. "We are not in a recession," he says. "We are growing a little bit."

    For the Fed, any new measures probably wouldn't be aimed at or even necessarily capable of jump-starting the economy, Behravesh says. Instead, they would be geared toward preventing the economy from getting worse.

    "I'm not convinced they're out of ammo here," he says of the central bank. For instance, buying mortgage-backed securities would help keep rates down, and explicit inflation-rate targeting could also be employed.

    Despite the Fed's extraordinary interventions over the past few years, more tools are available, Behravesh says, though the impact isn't guaranteed to be as pronounced. "One thing that is true -- the power of these subsequent rounds of quantitative easing becomes less and less."

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