Tags: fed | pianalto | bond-buying | gdp

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

Monday, 27 August 2012 12:49 PM

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 2020 Bloomberg News. All rights reserved.

1Like our page
Monday, 27 August 2012 12:49 PM
Newsmax Media, Inc.
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved