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As the recovery progresses, this extraordinary stimulus will have to be withdrawn.
The recovery has been helped by an extraordinary stimulus, both fiscal and monetary.
| Paul Kasriel has a yardstick that helps him assess whether the Federal Reserve's extraordinary stimulus will lead to economic growth.
It is a calculation that helps him assess whether the Federal Reserve's extraordinary stimulus will lead to economic growth.
Markets have been supported for many months by the extraordinary stimulus measures introduced by central banks aimed at stimulating the flagging global economy.
The United States is facing fiscal uncertainty, and its powerful central bank is contemplating easing its extraordinary stimulus efforts, with potentially global ramifications.
Similar(23)
Until the U.S. economy shows that it can thrive without the extraordinary monetary stimulus that the Fed has been providing since 2008, many of the questions Summers raised will remain unresolved.
The European Central Bank signaled Thursday that it would stick to its policy of gradually removing extraordinary economic stimulus measures, even as other monetary authorities appeared to be moving in the opposite direction.
For the past couple of years, Yellen, a sixty-nine-year old former Yale professor, had largely been following the script written by her predecessor at the Fed, Ben Bernanke, who put in place the extraordinary monetary stimulus policies that have been in place since 2008, and who, before retiring, in January, 2014, made only a hesitant start toward winding them down.
For the past couple of years, Yellen, a sixty-nine-year old former Yale professor, had largely been following the script written by her predecessor at the Fed, Ben Bernanke, who put in place the extraordinary monetary stimulus policies that have been in place since 2008, and who, before retiring, in January, 2014, made only a hesitant start toward winding them down.
That broad improvement has fueled a debate among policy makers around the world about whether the time is ripe to start unwinding some of the extraordinary economic stimulus measures they took after Lehman's demise — or whether a precipitous withdrawal of those support measures could risk nipping the recovery in the bud.
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