Markets & Economy


The Fed's great unwind

August 12, 2013

A conversation with Vanguard economists Joe Davis and Roger Aliaga-Díaz

The world's major economies face a common problem—how to build momentum toward sustainable growth even as high debt levels continue to limit increased spending.

Vanguard Chief Economist Joseph H. Davis, Ph.D., and our senior economist in Asia, Roger Aliaga-Díaz, Ph.D., discuss the challenge that the Federal Reserve and other central banks face in stimulating growth without triggering high inflation.


  • All investing is subject to risk, including the possible loss of the money you invest.