Roubini: Federal Reserve Out of Ammo

“The US remains on course either for a double dip recession or growth that is so sluggish that it has a recessionary feel,” says Professor Nouriel Roubini of the Stern School at New York University.

Talkking with James Blitz at this year’s Ambrosetti Forum in Italy, Roubini says there are few if any options for policy-makers to stimulate the economy – and that a new round of quantitative easing by the Federal Reserve will be ineffective.

Here’s the interview from Financial Times:

(Click to play)

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Filed under International Econnomic Politics, National Economic Politics