In one of his weekly broadcasts, the federal reserve chairman remarked that inflation had begun to tick upward. however, unemployment in the u. s. was still quite high and economic growth had slowed. with short-term interest rates close to 0 (zero), the chair did not visualize that policy would be able to do anything for the high unemployment problem. he felt that policy would be more useful for bolstering employment, but that would require local and state governments and the federal government to provide tax breaks for corporations.
fiscal , federal
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fiscal, monetary
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