[Peace-discuss] Institute for Public Accuracy: Federal Reserve and Unemployment

[Robert Naiman]

On the web: http://accuracy.org/newsrelease.php?articleId=2388

Institute for Public Accuracy
980 National Press Building, Washington, D.C. 20045
(202) 347-0020 * http://www.accuracy.org * ipa at accuracy.org
___________________________________________________

       Wednesday, November 17, 2010

       Federal Reserve and Unemployment

MARK WEISBROT,  http://www.cepr.net
   Weisbrot is co-director of the Center for Economic and Policy Research.
He said today: "While America is suffering through its worst spell of
unemployment since the Great Depression, some Republicans in Congress
actually want to change the law so the Fed can't legally pursue full
employment as it is supposed to do now. This is pretty crazy stuff.
Meanwhile, there is backlash against the Fed for actually doing something
right this time -- 'quantitative easing' -- and fears of inflation when it
is actually too low. The Fed's latest move can actually reduce the interest
burden of the country's public debt and makes it easier for the Congress to
do what it should have done two years ago: enact a stimulus that is big
enough to actually pull the economy out of its current slump and put people
back to work. It's not enough, but at least it’s a step in the right
direction."

For more information, contact at the Institute for Public Accuracy:
Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167

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-- 
Robert Naiman
Policy Director
Just Foreign Policy
www.justforeignpolicy.org
naiman at justforeignpolicy.org

Urge Congress to Support a Timetable for Military Withdrawal from
Afghanistan
http://www.justforeignpolicy.org/act/feingold-mcgovern
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