Friday, August 27, 2010

Reinhart Sees Seven More Years of High Unemployment

Carmen Reinhart, economics professor at the University of Maryland in College Park, talks with Bloomberg's Michael McKee about the outlook for U.S. growth, the labor market and Federal Reserve policy.

Reinhart and her husband Vincent Reinhart presented a paper at the Fed's annual symposium in Jackson Hole, Wyoming, today that finds the U.S., Germany and other advanced economies may face a decade of slow growth and high unemployment if the aftermath of the 2007 financial crisis tracks other post-crisis recoveries of the past century.
(Source: Bloomberg, August 27, 2010)

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