The August 2010 National Association for Business Economics (NABE) Policy Survey reveals that nearly sixty percent of respondents feel that monetary policy posture is appropriate at the present time and that the greater risks facing the U.S. economy are deflation in the near term and inflation in the longer term.
“The majority of the economists surveyed consider monetary policy to be currently appropriate, with greater disagreement over how the Federal Reserve should proceed over the next 12 months,” according to NABE President Lynn Reaser, who is also chief economist for Point Loma Nazarene University. “Regarding fiscal policy, the economists generally believe the near-term focus should be the promotion of economic growth rather than deficit reduction. The majority of the respondents also do not believe another stimulus package is necessary but think the various tax cuts should be extended beyond their scheduled expiration at year-end.”
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