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Jared Serbu: Former Fed Chairman says sequestration doesn’t help economy

The sequestration cuts that began in 2013 weren’t just detrimental to federal agencies missions — they harmed the economy to boot. That’s according to...

Francis Rose

August 18, 2015 6:33 pm

< a min read

The sequestration cuts that began in 2013 weren’t just detrimental to federal agencies missions — they harmed the economy to boot. That’s according to Ben Bernanke, the former chairman of the Federal Reserve, who says even though long-term deficits are a problem, short-term federal spending cuts aren’t the answer. Federal News Radio DoD Reporter Jared Serbu has the story.