U.S. Economy to Improve Slowly, Former Treasury Secretaries Say

The U.S. economy will improve slowly and another round of fiscal stimulus probably wouldn’t be effective, former Treasury secretaries Paul O’Neill and Robert Rubin said.

Rubin, who served under Democratic President Bill Clinton, said the U.S. is “going to have slow and bumpy growth,” an interview on CNN’s “Fareed Zakaria GPS” aired yesterday. A “major second stimulus” might create more uncertainty and undermine confidence, he said.