Financial Times FT.com

A fiscal stimulus offers limited help

By Clive Crook

Published: January 20 2008 16:59 | Last updated: January 20 2008 16:59

Bromley illustration

In a sudden and doubtless temporary outbreak of willingness to co-operate, the White House and Congress, cheered on by the Federal Reserve, are working on a plan for fiscal stimulus. The effort is welcome – but the package likely to emerge will make less of a difference than the energy suddenly devoted to the topic would suggest.

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