Description: “In the face of “a suboptimal recovery†the Fed said it would persist until the outlook for the job market improves “substantiallyâ€, but a sceptical Mr Warsh said: “The iPhone 5 is going to do more for the real economy than QE3?.
Source:Â Forbes.com
Date: Sep 14, 2012
Questions for discussion:
- Summarize the main point presented in this report.
- What are the reasons supporting this argument?
- Do you agree with the sentiment?
- What is the message to regulators and governments seeking ways to stimulate the economy?
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