Low Interest Rates Alone Won’t Do It
September 18, 2012 at 09:09 AM EDT
With deficit hawks circling overhead, the responsibility for creating jobs has fallen by default to Ben Bernanke and the Federal Reserve. Last week the Fed said it expected to keep interest rates near zero through mid 2015 in order to stimulate employment. Two cheers. The problem is, low interest rates alone won’t do it. The [...]