Press Release
September 25, 2008

Federal Government in Better Position Than Federal Reserve to Support Faltering Economy, Levy Scholar Says

New Policy Paper Says Fiscal Stimulus and Regulation Are Needed to Support Economy and That There’s Not Much More Monetary Policy Can Do

by Mark Primoff

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Blithewood
Bard College
Annandale-on-Hudson, NY 12504-5000
845-758-7700
The Levy Economics Institute of Bard College, founded in 1986 through the generous support of Bard College trustee Leon Levy, is a nonprofit, nonpartisan, public policy research organization. The Levy Institute is independent of any political or other affiliation, and encourages diversity of opinion in the examination of economic policy issues while striving to transform ideological arguments into informed debate.