Fed says taxes, cuts have hurt | Business | The Register-Guard | Eugene, Oregon
The Federal Reserve cautioned Americas political leaders Wednesday that their policies are hurting the economy.The Fed stood by its aggressive efforts to stimulate the economy and reduce unemployment. But it sent its clearest signal to date that tax increases and spending cuts that kicked in this year are slowing the economy.
But several reports in recent weeks have suggested that the economy might be weakening. Employers added only 88,000 jobs in March, far fewer than the 220,000 averaged in the previous four months. On Friday, economists expect the government to report that employers added about 160,000 jobs in April.
Joel Naroff, chief economist at Naroff Economic Advisors, said he viewed the Feds more forceful remarks on the issue as criticism of Congress fiscal policies.
The Fed noted that the private economy is pushing ahead, but it is the government that is putting roadblocks in the way, Naroff said. That was as clear a shot at Congress as I have seen the Fed take.
Tax and Spend -Tax and Spend -The Below video will give you an idea what the government is doing to your pay check.......
[ame=http://www.youtube.com/watch?feature=player_detailpage&v=tzCZ4wMTfS8]Fast Knife Skills: Cutting Carrot - YouTube[/ame]
The Federal Reserve cautioned Americas political leaders Wednesday that their policies are hurting the economy.The Fed stood by its aggressive efforts to stimulate the economy and reduce unemployment. But it sent its clearest signal to date that tax increases and spending cuts that kicked in this year are slowing the economy.
But several reports in recent weeks have suggested that the economy might be weakening. Employers added only 88,000 jobs in March, far fewer than the 220,000 averaged in the previous four months. On Friday, economists expect the government to report that employers added about 160,000 jobs in April.
Joel Naroff, chief economist at Naroff Economic Advisors, said he viewed the Feds more forceful remarks on the issue as criticism of Congress fiscal policies.
The Fed noted that the private economy is pushing ahead, but it is the government that is putting roadblocks in the way, Naroff said. That was as clear a shot at Congress as I have seen the Fed take.
Tax and Spend -Tax and Spend -The Below video will give you an idea what the government is doing to your pay check.......
[ame=http://www.youtube.com/watch?feature=player_detailpage&v=tzCZ4wMTfS8]Fast Knife Skills: Cutting Carrot - YouTube[/ame]
