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As a stimulative policy there is a lot to recommend it.
Instead, the Fed pursued its own stimulative policy, pushing interest rates to the lowest level in a generation.
We must decide whether to pursue a relatively loose and stimulative policy, and to trust in our later discipline, or to slam on the brakes now.
No stimulative policy is going to work if your financial system isn't functioning -- if the process of getting funds from savers to borrowers breaks down".
It will be interesting to see if this is a more permanent shift in the way the administration talks about the economy, and how it advocates for stimulative policy measures in the next few months.
However, the current lofty market levels are creating concerns that global central banks are storing up dangerous risks of excessive leverage as they pursue overly stimulative policy for too long.
Similar(50)
The president stumbled inadvertently into some stimulative policies.
Among the least stimulative policies are the Bush tax cuts.
The most stimulative policies are, predictably enough, the policies that were intended to be stimulus.
The result of such considerations is reluctance of the authorities to attempt to create full employment through stimulative policies.
This is because the Fed should be committed to stimulative policies anyway, even without changing its target.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com