Begging for Change

When the Federal Reserve Board promised yesterday to keep interest rates near zero until the middle of 2013, it was a sign that its view of the economic recovery is as dire as the mood on Wall Street is dour. After days of seeing the stock market waver between low and very low, and months of seeing even the best jobs reports show that the labor market isn't adding enough jobs to keep up with population growth, its hard to imagine there's any way to steer us from doom. But President Barack Obama actually has tools at his disposal, and could work to stimulate the real economy; the one that puts money in people's pockets. Here, the Prospect has asked experts to weigh in with policy advice for the president. The discussion will continue through the week, so come back regularly for updates.

Click on the image below for the author's solution to our economic problems.

Dean Baker, co-director of the Center for Economic and Policy Research in Washington, DC.

Greg Anrig, vice president of programs at The Century Foundation

Tamara Draut, vice president of policy and programs at Demos

Anastasia Christman, senior policy analyst at the National Employment Law Project

Lawrence Mishel, president of the Economic Policy Institute

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