Economists argue that Fed should leave the economy alone to aid recovery

Townhall.com Staff
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Posted: Jun 14, 2011 9:28 AM
Economists argue that Fed should leave the economy alone to aid recovery

Economists have a message for the Federal Reserve: Leave it alone.

The Fed shouldn't bother trying to stimulate the economy - and could actually do damage if it did, according to a new survey by the Associated Press.

The economists who took part in the survey are lowering their forecasts for job creation and economic growth for the rest of this year, mainly because of high oil prices. Bleak data over the past month has suggested that the two-year-old economic recovery is slowing.

Read more: http://www.nydailynews.com/ny_local/bronx/2011/06/14/2011-06-14_economy_needs_time_not_fed_meddling_pros.html#ixzz1PFyR7v3L