WHERE'S W WHEN WE NEED HIM?

"Monetary policy is largely doing what it can to support a robust recovery, and what remains are fiscal and regulatory policies," Kashkari wrote in the essay, published on the last day before Fed officials enter a weeklong communications blackout prior to each policy-setting meeting. [...]

[T]he government could boost spending on basic research, rebuild worn-out infrastructure, streamline regulations and the tax code, and otherwise take small steps with little downside risk and plenty of potential.

"Another promising policy is immigration reform, especially for high-skilled workers," Kashkari wrote.

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