Volcker: The Economy Still Needs Stimulus

paul volcker

Does this sound like the government really believes we’re on a path to a sustainable recovery?

“This is not the time to take aggressive tightening action, either fiscally or monetary-wise,” said Volcker in an interview in Berlin March 6, pointing to “high” unemployment. “So I think we have to, as best as we can, maintain the expectation that it will be taken care of in a timely way.”

Those words came from Paul Volcker in a speech in Germany today.

Source: Bloomberg

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