Monetary Policy and the Economy
She also discussed current labor market conditions as well as the Federal Reserve's continuation of a reduction in asset purchases from its bond-buying "quantitative easing" stimulus program.
- Economic Policy
She also discussed current labor market conditions as well as the Federal Reserve's continuation of a reduction in asset purchases from its bond-buying "quantitative easing" stimulus program.
On January 28, 2009, House Speaker Nancy Pelosi (D-CA) talked about the $787 billion economic stimulus plan about to be passed with no Republican votes.
53 viewsHe discussed an Obama administration report on the impact of the stimulus, the impact the stimulus was projected to have when it was passed, a 2012 Congressional Budget Office study of the stimulus, and Republican interpretations on the effectiveness of the legislation.
He explained the central bank's decision to start tapering its economic stimulus program known as quantitative easing due to gains in the job market.
623 viewsHe said that he would introduce legislation the next week focused on economic freedom zones instead of stimulus packages. ... "Renewing the Opportunity for Prosperity: Economic Freedom Zones" was a speech to the Detroit Economic Club.
Detroit Economic ClubProfessor Diamond argued for increased stimulus spending targeted at infrastructure, education, and research.
227 viewsOther topics included concerns that the recent spike in interest rates could disrupt the rebound in the housing market and force a delay in the rollback of its economic stimulus program.
352 viewsBen Bernanke held a news conference following the quarterly Federal Open Market Committee (FOMC) meeting on current economic projections. He said the FOMC may taper off its bond-buying program later in the year if the economic conditions continued to improve, however, as unemployment was still high, the Federal Open Market Committee would keep interest rates low and continue its $85 billion a month bond purchasing stimulus program.
He stressed that the Federal Reserve would not begin to tighten its stimulus policies until data supported real and sustained improvements in the labor market.
Joint Joint Economic Committee JCPeter Suderman talked about his Reason magazine piece on measuring the impact of the $833 billion stimulus. ... Suderman's article is, "Down the Drain: How the Federal Government Flushed Away the $833 Stimulus."
Topics included the economic outlook and recovery, Federal Reserve's stimulus actions, the Eurozone crisis, "too big to fail," the "Volcker" rule of the 2010 financial regulations law, and financial transaction taxes.
693 viewsThe automatic payroll deduction that funds Social Security had been temporarily reduced as an economic stimulus measure.
Ben Bernanke testified on the U.S. economic outlook for the year and the future of economic growth. In his remarks he defended the U.S. central bank's bond-buying stimulus, urged lawmakers to avoid sharp spending cuts set to go into effect by the end of the week, and spoke about successful efforts to curb inflation to stimulate the economy.
The plan, presented the previous day by Treasury Secretary Tim Geithner, called for $1.6 trillion in tax increases, $50 billion in economic stimulus, and an end to congressional control over the national debt limit.
Author Michael Grunwald talked about his book, The New New Deal: The Hidden Story of Change in the Obama Era, in which he argues that the stimulus package stopped a terrifying economic free-fall, while quietly jump-starting the president's agenda for energy, education reform, health care, taxation and the economy in the long term.
355 viewsHe spoke in support of those policies but also said concerns about the effectiveness of future stimulus efforts by the Federal Reserve were well-founded.
They answered questions about job creation, tax policy, Social Security and Medicare, the health care law, regulation, the budget, and the 2009 economic stimulus bill.
167 viewsShe said the IMF (International Monetary Fund) would likely forecast an overall downward economic trend globally, despite recent positive actions by central banks to provide some stimulus. ... She did, however, praise central banks, including the Federal Reserve, for recent efforts to improve economic growth through monetary policy.
168 viewsHe also discussed the economic stimulus, congressional disfunction, the need for campaign finance reform, and term limits.
774 viewsMichael Grunwald talked about the effectiveness of the 2009-10 $787 billion economic stimulus, and he responded to telephone calls and electronic communications. He argued that the legislation was successful, that it created jobs and spurred some economic recovery.