Administration Quote by Glenn Hubbard
“The Obama administration's attempted short-term fixes, even with unprecedented monetary easing by the Federal Reserve, produced average GDP growth of just 2.2% over the past three years, and the consensus outlook appears no better for the year ahead.”
About This Quote
Source Speech: Economic Forum, 2023
Short‑term fixes and massive monetary easing yielded modest growth, and outlook remains weak.
In simple terms: Policy tweaks gave limited growth; future looks dim.
Demand structural reforms.
Themes
Mood
Type
When to use this quote
- government budgeting
- investment strategy
- business planning
- public debate
Key Concepts
Questions to Reflect On
- What long‑term solutions are needed?
- How can policy balance short and long term?
Monetary tools alone cannot sustain growth.