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Monday, August 30, 2010

...Talking About A Double Dip

GOOLSBEE: I don't think we will have a double dip recession. But it's –clearly anybody should keep their eye on that. You saw at the Jackson Hole fed conference in Wyoming that the - the fed is - is saying that. The central bankers from around the world are paying attention to it. I think if we passed a small business recovery bill, if we do what the president is asking and extend the middle class tax cuts, and if we go with his export initiative - he's outlined various ideas to promote exports. I don't think we will have a double dip recession. But it's clearly something we've got to - we've got to be mindful, and we've got to prevent.

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