CNBC Closing Bell September 21, 2016
Zero is a concern and we have less scope than i would like to see or expect us to have in the longer run. Now, i think it would be worthwhile for other policymakers to think about what role they could play in addressing negative shocks should they come, and i mentioned specifically automatic stabilizers because i think thats an important way in which fiscal policy serves to cushion shocks to the economy. And it would seem to me, without getting into specifics, that there are ways in which the response of fiscal policy to shifts in the economy could be strengthened, which would help take some b...
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