WASHINGTON — The Federal Reserve is being forced to re-evaluate its most basic assumptions about the economy after trillions of dollars of stimulus and years of ultra-low interest rates have failed to generate a more robust recovery.For years, the central bank’s top officials pointed to “persistent headwinds” emanating from the Great Recession as the culprit for the tepid pace of the economy’s expansion: Government spending cuts were depressing growth.
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Local News from TheGazette.com, The Gazette (Cedar Rapids)
Sat, 07/30/2016 - 8:23am
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Topics: Iowa Linn County Cedar Rapids
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