PLEDGE NOW
Fed Considers Action

Job numbers are bad. The Fed weighs juicing the American economy – again. Should it do it now? We’ll hear the arguments.

Federal Reserve Chairman Ben Bernanke speaks to educators in the board room of the Federal Reserve in Washington, Tuesday, Aug. 7, 2012, during a town hall meeting. (AP)

Federal Reserve Chairman Ben Bernanke speaks to educators in the board room of the Federal Reserve in Washington, Tuesday, Aug. 7, 2012, during a town hall meeting. (AP)

Last month, Ben Bernanke was in Jackson Hole, Wyoming talking “grave concern” about American jobs.  Last week, the numbers came in.  Worse than expected.  And now, this week in Washington, the Fed is looking at big intervention again to try to move the US economy.

It’s part of the Federal Reserve Bank’s stated job to defend employment.  But its tools are wearing thin.  Republicans mutter that the timing is political.  Mitt Romney says it would fuel inflation.  But QE3 may be on the way.

This hour, On Point:  Should the Fed juice the US economy again?

-Tom Ashbrook

Guests

Ben White, Wall Street correspondent from Politico and author of the “Morning Money” column covering the intersection between finance and public policy.

Alan Blinder, professor of economics at Princeton University.

Martin Eichenbaum, professor of economics at Northwestern University.

From Tom’s Reading List

Washington Post “As the Federal Reserve prepares to take what is expected to be new action to stimulate the economy this week, divisions at the central bank may be undermining its efforts to speed up economic growth and lower unemployment.”

Bloomberg “Oil was little changed in New York as traders waited to see whether the Federal Reserve will announce measures to revive the economy this week.”

CNBC “After lackluster job creation in August, economists and the markets are readying for another round of Fed asset purchases, or quantitative easing. The only question now is do policy makers act in September or wait until the fiscal drag pulls down the U.S. growth rate?”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
RECENT
SHOWS
Jun 9, 2016

Newly-minted college graduates on the job hunt. We’ll look at who’s hiring, starting salaries, and strategies for landing that first job.

 
Jun 9, 2016

Europe, India and China, are taking on American tech giants over privacy, monopolies, and more. We’ll look at the global technology pushback against the U.S.A.

On Point Blog
On Point Blog
Jessica Valenti: ‘Objectification Is About Dehumanizing People’
Wednesday, Jun 8, 2016

“There is some power in laying claim to the word victim.” — Jessica Valenti on the Stanford sexual assault case, and the importance of language.

More »
Comment
 
Why The ‘Roots’ Remake Matters (And What Stays The Same)
Tuesday, Jun 7, 2016

The recent remake of “Roots” on the History Channel makes important changes, Morehouse College’s Stephane Dunn argues. But it also holds true to the original story.

More »
Comment
 
Former Trump Advisor Roger Stone: ‘Trump’s Going To Be The Next President’
Monday, Jun 6, 2016

Longtime political consultant Roger Stone apologizes for his “two martini tweets,” even as he predicts Donald Trump will be the next U.S. president.

More »
Comment