October 11, 2010 / 4:55 PM / 7 years ago

Former Obama aide urges more Fed stimulus

WASHINGTON (Reuters) - A former top White House economic aide said on Monday additional efforts by the Federal Reserve are necessary to support the slumping U.S. economic recovery.

“My own read of the evidence is that unconventional monetary policy, like quantitative easing, like an aggressive communications policy, like lowering interest rates that were paid on reserves, could absolutely be helpful and should absolutely be tried,” said Christina Romer, who stepped down last month as chair of the White House Council of Economic Advisers.

Romer spoke on a panel organized by the University of Virginia’s Miller Center for Public Affairs.

Reporting by Mark Felsenthal; Editing by Andrea Ricci

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