Description: â€œIn the face of â€œa suboptimal recoveryâ€ the Fed said it would persist until the outlook for the job market improves â€œsubstantiallyâ€, but a sceptical Mr Warsh said: â€œThe iPhone 5 is going to do more for the real economy than QE3?.
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?