Former Fed economist calls for more stimulus

fomc

A former associate director at the Federal Reserve has urged central bankers across the globe to step up their crisis-fighting efforts.

Joseph Gagnon, a senior fellow at the Peterson Institute who was up until September a visiting associate director at the Fed, in a research paper published in December labelled the recent focus on exit strategies "misguided".

"There is a wide range of growth outcomes after financial crises and the worst outcomes tend to be associated with the poorest policy resp

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