Political Quotes

David Gergen: “Listen, I think everybody, all the economists agree that only the government can now do this. That the Federal Reserve…”

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

Jul 2, 2023

I don't think Trump is out of the woods, even though his poll numbers are not only staying up, they have actually been strengthened some.

transcripts.cnn.com
Jan 12, 2023

It's very, very big. Not legally, but politically, it's a very, very big deal.

transcripts.cnn.com
May 9, 2022

I think this the very idea that in 2024, we may have two men running against each other Biden and Trump, who would both be in their 80s if elected, that it too is enough to say, well, what are we doing here?

transcripts.cnn.com
Dec 29, 2022

I think the turning point that came were the midterm elections. The fever broke with those midterm elections. And what we've seen since then is a steady decline in Trump's credibility and in his position with the American people, and a…

transcripts.cnn.com

Other voices in this conversation