Zandi: More Stimulus Needed

Moody’s Economy.com Chief Economist Mark Zandi says that more stimulus is needed to ensure the U.S. doesn’t slip back into recession. Zandi tells Bloomberg that inflation will be no threat in 2010 or 2011, and that the government needs to do what is necessary to make sure the economic recovery turns into sustained expansion, rather than worrying about inflation that won’t hit for another couple years. He also says the financial crisis that hit in 2008 will have long-term effects on the economy.