July’s dismal jobs report poses a dangerous dilemma for the country’s officials. The government has exhausted traditional measures to get the economy growing more briskly, having already cut interest rates to near zero and committed to more than $800 billion in fiscal stimulus. With conventional tools off the table, it might take a “Hail Mary” pass from policy makers to recharge the economy if an anemic recovery slows even further.
Quarterbacks get out ‘Hail Mary’ economy passes
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