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Pollin UMass Economics

Pollin: Fed should do more to address unemployment

Robert Pollin, Professor and Co-Director of PERI

Robert Pollin, economics professor and co-director of the Political Economy Research Institute (PERI), comments in a story analyzing the Federal Reserve’s role in addressing high unemployment, particularly among black workers.  Pollin says he believes economic thinking is changing and it now makes sense for the Fed to buy corporate bonds to fund high-employment businesses, especially those that will create jobs in urban areas, much as it acted to cut the federal funds rate in the 2008 economic crisis. He says the Fed has other mechanisms to control inflation without hurting employment, but it just doesn’t use them. (City Limits, 4/19/10)

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