The Fed lacks the tools to boost the U.S. economy and prevent a double-dip recession, Joseph...

|By:, SA News Editor

The Fed lacks the tools to boost the U.S. economy and prevent a double-dip recession, Joseph Stiglitz says. "The Fed is going to try and seem relevant so it will try to do something [but] just like QE1 didn’t work, QE2, QE2-and-a-half is not going to work... If we’re going to get out of the current mess, it will take fiscal policy."