Center for American Progress

The U.S. economy is in desperate need of a strong dose of fiscal penicillin
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The U.S. economy is in desperate need of a strong dose of fiscal penicillin

Christian E. Weller discusses why the economy and American families need Congress to create real economic security.

Despite six years of “recovery” from the Great Recession, America’s middle class still struggles financially amid sluggish economic growth and middling job creation.

The Federal Reserve’s near-zero interest rates have helped stabilize the economy after it nearly went into freefall in 2008 and 2009, but that policy is coming to an end, with at least one quarter-point hike expected this year and more in 2017 and 2018.

The above excerpt was originally published in The Conversation. Click here to view the full article.

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Authors

Christian E. Weller

Senior Fellow

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