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Home>The Economy Cannot Live on the Fed Alone

The Economy Cannot Live on the Fed Alone

Perspectives Content Submission

Mon, 11 Jun 2012

Stocks rebounded from recent losses as the Fed’s pledge to take action and China’s surprise rate cut helped ease anxiety over Europe and unemployment. But the path to economic recovery cannot be paved by monetary policy alone—it must be accompanied by greater access to credit. It was a “risk-on” en
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