Economy Might Be a Little Shakier Than We Thought2013-09-302013-09-30/wp-content/uploads/2019/02/n30833-fishkind-logo-01.jpgFishkind Litigation Services/wp-content/uploads/2019/02/n30833-fishkind-logo-01.jpg200px200px
QUESTION:First of all, let’s talk about the Federal Reserve Open Market Committee – the FOMC. It’s not beginning to taper off its $85 billion per month bond purchasing program. Some economists were a little bit surprised by this. Are you?
FISHKIND: I think everybody was surprised. The Fed had signaled that they would begin tapering, but the economic data just didn’t support it. There’s too much risk in the Fed’s eyes to begin that tapering now, given the slow pace of job growth, slow pace of economic activity generally, and the risk associated with Congress, which has yet to enact a budget, and hasn’t increased the debt ceiling.
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