Feds: More stimulus, please, if economy stays weak

|  October 04, 2010 |

There is no question that the transportation construction industry has benefited from the American Reinvestment and Recovery Act (ARRA), a.ka. “the stimulus,” but whether the stimulus was a good idea in the first place has been hotly debated.

However, Federal Reserve officials have said that we may need to pump ever more cash into the economy.

In a Reuters report, two Fed policymakers said that more action would likely be needed unless the current economic outlook improves.

William Dudley, president of the Federal Reserve Bank of New York, described current conditions of high unemployment and low inflation as “unacceptable” while Chicago Federal Reserve Bank President Charles Evans said more easing was “desirable,” according to the Reuters report.

Do you want some tips to stay safe on the job site?

Equipment World has created an entire section devoted to safety.

Click here to check it out. »


Here are the most recent tips we've posted:

Treacherous tire repair: Taking shortcuts can lead to disastrous results

Don’t enter unprotected trenches: Following proper procedure minimizes cave-in risk