Tags: fed | pianalto | bond-buying | gdp

Fed’s Pianalto: Bond Buying Can Boost GDP If Risk Managed

Monday, 27 Aug 2012 12:49 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Federal Reserve Bank of Cleveland President Sandra Pianalto said the recovery remains “frustratingly slow” and that additional bond purchases can boost growth if the risks are managed.

“Large-scale asset purchases can be effective” and they “justify more analysis,” Pianalto said Monday in remarks prepared for a speech in Newark, Ohio. “It is conceivable that, at some point, policies designed to promote further declines in rates could interfere with financial stability.”

The economy will probably expand by about 2 percent this year while unemployment will remain above 7 percent through 2014, she told Central Ohio business leaders.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved