U.S. Has Fiscal Space to Respond to Crisis: Economist

Sep.16 -- William Spriggs, chief economist at the American Federation of Labor & Congress of Industrial Organizations or AFL-CIO, the largest federation of labor unions in the U.S., discusses policies of the Federal Reserve and the government, the outlook for the economy and the labor market. Fed officials held interest rates near zero and signaled they would stay there for at least three years, vowing to delay tightening until the U.S. gets back to maximum employment and 2% inflation. Spriggs speaks on "Bloomberg Daybreak: Australia."
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