NOBEL LAUREATE ON US QE3

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STORY: NOBEL LAUREATE ON US QE3DATELINE: Aug. 27, 2011LENGTH: 0:03:57LOCATION: BerlinPKGIntro:The U.S. economy is facing gloomy pictures. The job market shows little sign of improvement, consumer spending has decreased, and the housing sector remains depressed.What should the U.S. government do to revive the fragile economic recovery?In an exclusive interview with CNC, Nobel Prize winner Joseph Stiglitz expresses his opinions on the issue. Pkg:In a much-awaited speech at this year's annual central bank economic symposium in Jackson Hole, Wyoming, Bernanke didn't propose a new round of quantitative easing policy, or QE3.However, Bernanke didn't rule out the possibility of monetary stimulus moves in the future.Given that QE2 failed to jumpstart the faltering U.S. economic recovery and housing sector, Joseph Stiglitz thinks the U.S. government should be very cautious about adopting QE3.SOUNDBITE (ENGLISH): JOSEPH STIGLITZ, NOBEL PRIZE WINNER:"What is true is that the American economy is n Powered by www.newslook.com Producer : Xinhua News Agency

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