Blinder Cuts U.S. Forecast, Doesn’t See a Recession

Former Federal Reserve Vice Chairman Alan Blinder trimmed his forecast for U.S. growth while saying it’s unlikely the nation will slide back into a recession.

“It is a little too early” for the Fed to resume asset purchases on a large scale to boost the economy, Blinder, a Princeton University economist, said in an interview today on Bloomberg Television’s “Street Smart.” Still, “they certainly should be thinking about it.”