Liquidity Trap Limiting Fed's Ability To Stimulate Spending - Your Bottom Line
The Federal Reserve's efforts to stimulate the economy continue to be limited by a lack of business and consumer confidence, says NFIB's chief economist in the latest episode of the NFIB web series, Your Bottom Line with Bill Dunkelberg. Despite historically low interest rates, Dunkelberg says the economy is in a liquidity trap: banks have lots of money to lend, but few businesses or consumers are interested in borrowing because of uncertainty over future growth. 2:40
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