McCormack Speaks

The U.S. Economy is in Desperate Need of a Strong Dose of Fiscal Penicillin


by Christian Weller
Department of Public Policy and Public Affairs

Despite six years of “recovery” from the Great Recession, America’s middle class still struggles financially amid sluggish economic growth and middling job creation. The Federal Reserve’s near-zero interest rates have helped stabilize the economy after it nearly went into freefall in 2008 and 2009, but that policy is coming to an end, with at least one quarter-point hike expected this year and more in 2017 and 2018.

So what will support the economy once the Fed’s largesse begins to disappear?

Read more of  Weller’s latest piece on the state of the economy and the need for new fiscal policy in The Conversation.

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