Gramlich- fiscal stimulus should be reversible

US - A Federal Reserve official on Thursday said measures the government takes to ward off recession should meet several criteria, including being easily reversible.

"A number of temporary tax changes might do the job but if they do not stimulate spending, their enactment is delayed, or if they are not easily reversible, they might do little more than to undermine the long-run fiscal strategy," Fed Governor Edward Gramlich said in remarks prepared for delivery at a University of Michigan confe