Paul McCulley on Fed policy and “liquidity trap”

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A long-haired and bearded Paul McCulley, former PIMCO portfolio manager and now managing director of the Global Interdependence Center, discusses coordination between U.S. monetary and fiscal policy. He says we need to accept that we are in a “liquidity trap” that requires “a whole different set of economic policies”.

Part 1:

Source: CNBC, January 11, 2012.

Part 2:

Source: CNBC, January 11, 2012.

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1 comment to Paul McCulley on Fed policy and “liquidity trap”

  • hugh.brist

    Wow, is McCulley going off the reservation? He is always clear minded but something has changed wildly. Appearance matters for those in the public eye. From the buttoned down halls of PIMCO to adopting a rock star look as a strategist will not inspire longevity and confidence.

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