Can the Fed Piece the Economy Back Together?
The Fed recently revised both its methods and “guideposts” for implementing accommodative policy.
While some have argued that the weakness in the job market and the overall economy can be countered with central bank intervention, others think that weak growth in the economy, including employment, is more structural in nature and cannot be changed by quantitative easing alone.
ECRI’s latest report investigates both the structural and cyclical situation in the U.S. economy, showing if all the Fed’s helicopters and all the Fed’s men can put the economy back together again.