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Analysis: Obama, Bernanke out of ammo to boost jobs, growth

  • 03.08.2011
  • By Alister Bull and Jonathan Spicer, Reuters
obama bernake

Facing 9% unemployment and small GDP growth, the U.S. Government is running out of options to heal the U.S. Economy. The white house is currently lacking in political capital, hindering its ability for another round of federal stimulus, while the U.S. Federal Reserve has already initiated two rounds of quantitative easing and will probably not proceed with a third. Current tax cuts and unemployment benefits might also be changed when congress decides on spending cuts by the end of the year.

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