USA TODAY: Most economists surveyed by USA TODAY say an expected move by the Federal Reserve this week to cut long-term interest rates by buying government bonds will provide only a modest boost to the sluggish recovery.
But in interviews, several said the initiative is worth the risk of inflation down the road because the chances of a double-dip recession have grown in recent months.
“I think it’s entirely appropriate for them to go down this path, because the recovery remains very fragile, and the risks we go back in recession are uncomfortably high,” says Mark Zandi, chief economist at Moody’s Analytics… (more)
