Paul Volcker: Fed Has 'No Magic Bullets' for the Economy

Paul Volcker: Fed Has 'No Magic Bullets' for the Economy Play

July 17 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker and former New York Lieutenant Governor Richard Ravitch talk about the potential for Federal Reserve monetary policy to spur growth in the U.S. economy. Volcker and Ravitch also discuss fiscal challenges facing states and municipalities. They speak with Peter Cook on Bloomberg Television's "Street Smart." (Source: Bloomberg)

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