David Gergen actually said...

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.

Context

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

01/07/2009

https://transcripts.cnn.com...

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