{"id":684816,"date":"2010-03-07T18:14:11","date_gmt":"2010-03-07T23:14:11","guid":{"rendered":"http:\/\/www.businessinsider.com\/volcker-no-way-the-us-economy-can-stand-on-its-own-without-stimulus-2010-3"},"modified":"2010-03-07T18:14:11","modified_gmt":"2010-03-07T23:14:11","slug":"volcker-no-way-the-us-economy-can-stand-on-its-own-without-stimulus","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/684816","title":{"rendered":"Volcker: No Way The US Economy Can Stand On Its Own Without Stimulus"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"https:\/\/i0.wp.com\/static.businessinsider.com\/image\/4ab2438c7615205b01027e27-400-300\/paul-volcker-fed-chairman.jpg?resize=400%2C300\" border=\"0\" alt=\"paul volcker fed chairman\" width=\"400\" height=\"300\" \/><\/p>\n<p>While administration leaders tout the positive effects of the stimulus, the big guy, Paul Volcker is realistic about the economy, and recognizes that it can&#8217;t stand on its own two feet.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aNvuW4TVEcRw&amp;pos=4\">Bloomberg<\/a>:<\/p>\n<p style=\"padding-left: 30px;\">&ldquo;This is not the time to take aggressive tightening action, either fiscally or monetary-wise,&rdquo; said Volcker in an interview in Berlin yesterday, pointing to &ldquo;high&rdquo; unemployment. &ldquo;So I think we have to, as best as we can, maintain the expectation that it will be taken care of in a timely way.&rdquo;<\/p>\n<p>Why was Volcker in Berlin?<\/p>\n<p>Trying to convince his European counterparts to support some kind of global equivalent of the Volcker rule. After all a US law limiting the abilities of US banks will be toothless if internationals aren&#8217;t limited by the same regulations.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/volcker-no-way-the-us-economy-can-stand-on-its-own-without-stimulus-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/heres-proof-that-the-stimulus-money-is-getting-exactly-where-it-needs-to-go-2010-3\">Here&#8217;s Proof That The Stimulus Money Is Getting Exactly Where It Needs To Go<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/goldmans-head-of-asia-transport-policy-is-the-greatest-threat-to-any-recovery-2010-2\">Goldman: Here&#8217;s The One Way We Could Have A Double-Dip Recession<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/february-unemployment-report-2010-3\">Good News: Unemployment Holds Steady At 9.7%<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/3DjqZen5wlk\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While administration leaders tout the positive effects of the stimulus, the big guy, Paul Volcker is realistic about the economy, and recognizes that it can&#8217;t stand on its own two feet. Bloomberg: &ldquo;This is not the time to take aggressive tightening action, either fiscally or monetary-wise,&rdquo; said Volcker in an interview in Berlin yesterday, pointing [&hellip;]<\/p>\n","protected":false},"author":288,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-684816","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2S9q","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/684816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=684816"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/684816\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=684816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=684816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=684816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}