Sentences with phrase «excessively tight monetary policy»
The economy is poised for a bumpy ride in 2020, and if enough policy mistakes pile up — overly restrictive fiscal policy and excessively tight monetary policy — this could certainly create sufficient downdrafts to create a recession, or at the very least, a growth recession.
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Former Fed chairman Ben Bernanke, in a speech to the American Economic Association in January, said that «excessively tight near - term fiscal policies have likely been counterproductive» by weakening the recovery, especially when monetary policy has less room to maneuver.