If no action is taken on January 1, 2013, between expiration of tax cuts, sequestration, and a number of other measures, there will be a very sharp change in the fiscal stance of the Federal Government, which by itself with no compensating action would indeed slow the recovery.
Bernanke warns of economic slowdown without action on tax cuts and sequestration.
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undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation
Right now our concern is that the Chinese currency policy is blocking what might be a more normal recovery process in the global economy, and it is to an extent hurting our recovery.
The crisis was an enormous waste of resources, and unsafe practices by large financial institutions pose a risk not just to themselves but to the rest of society.
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