Close Close

Life Health > Life Insurance

Why the U.S. economy—economic engine of the world—is stuck in neutral

Your article was successfully shared with the contacts you provided.

Although our own recession ended three years ago, the U.S. economy has remained in neutral ever since, something Dallas Fed President Richard Fisher said recently at a World Affairs Council of San Antonio event. As any life insurance professional can attest, the Fed has done everything it can to keep interest rates at incredibly low rates in a bid to kickstart the economy. But unless Congress quits squabbling over budgets, which in turn is discouraging business leaders from investing the trillions in cash they have been holding on to, nothing is likely to get any better.

Read the story.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.