Political Quotes

On the recordJanuary 7, 2009
Listen, I think everybody, all the economists agree that only the government can now do this. That the Federal Reserve has exhausted its remedies, it can't do very much, it's always working, but it can't lower interest rates very much when they're down so low already.
Said by
David Gergen
Independent · Massachusetts

Editor's note · Context

Gergen discusses the consensus among economists that government action is essential for economic recovery.

Share

More from David Gergen

Dec 21, 2020

We're entering some kind of the most dangerous days of Donald Trump's presidency. He is erratic.

transcripts.cnn.com
Nov 23, 2020

The Trump administration is in the courts, and it is very clear they have failed miserably.

transcripts.cnn.com

Other voices in this conversation