U.S. Needs More Monetary Stimulus on Stalled Growth, Roubini Says

The U.S. economy needs more fiscal stimulus in the short term because the economy remains weak, followed by measures to “deal with fiscal problems or you’re going to have a fiscal train wreck,” Nouriel Roubini said.

“The right solution would be to commit to a program of trying to control spending and raised taxes gradually over the next five years,” Roubini, co-founder of Roubini Global Economics, said in an interview with Bloomberg Haberturk television on the sidelines of the Aspen Ideas Festival in Aspen, Colorado.