The article gives the federal reserves chairman’s position on monetary as well as fiscal policies as they affect the nation. Of interest in my review is his stand on the fiscal policy.
The chairman acknowledges to the committee that the fiscal position of the nation has declined considerably due to the poor economy. This has been coupled by the actions that have been taken by the government as well as congress to ease the situation and stabilize the financial markets. The prediction of the chairman is that despite the fiscal efforts of the government, the national budget will still be on an unstable path. This will be characterized by budget deficits that increase over time.
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