Article • Dean Baker’s Beat the Press
Fact-based, data-driven research and analysis to advance democratic debate on vital issues shaping people’s lives.
Center for Economic and Policy Research
1611 Connecticut Ave. NW
Suite 400
Washington, DC 20009
Tel: 202-293-5380
Fax: 202-588-1356
https://cepr.net
NPR used the phrase “massive” stimulus in describing the Fed’s quantitative easing policy in its top of the hour news segment on Morning Edition. It is arguable whether the stimulus is “massive.” There is certainly a plausible argument that the stimulus is too small since unemployment remains high and inflation is running below the Fed’s 2.0 percent target. NPR could have saved time and increased accuracy by just referring to the program as “stimulus.”