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Fed should be prepared to embark on a new stimulus blitz, says ex-vice chair

first_img whatsapp Show Comments ▼ whatsapp THE Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the US economy, the former vice chairman of the central bank said.Donald Kohn, who retired as vice chairman last week, told the New York Times in an interview published yesterday that the economy was in “a slow slog out of a very deep hole,” and that the Fed should take additional measures if a recovery continued to be slow.Actions could include purchase of more government securities to keep interest rates low, he said. The Fed has pumped $1.7 trillion into the economy through steps such as purchase of longer-term securities. Share Tags: NULL Fed should be prepared to embark on a new stimulus blitz, says ex-vice chair by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm KCS-content Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof “To have a substantial effect, people would have to anticipate substantial purchases,” Kohn said. “Does the Federal Reserve need to announce it’s buying $1 trillion? Not necessarily. If the Fed said, ‘We’re buying a smaller amount now but if it warrants we’ll buy more,’ that sort of would give the public and the markets a sense that somebody was out there,” he added. Monday 6 September 2010 8:12 pmlast_img

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