Roubini Says Fed Is `Running Out of Policy Bullets'

By Caroline Salas and Thomas R. Keene - Aug 27, 2010 10:59 AM ET

Nouriel Roubini, the New York University professor who forecast the U.S. recession more than a year before it began, said the Federal Reserve is running out of effective ways to stimulate the economy.

“We cannot prevent slow economic growth for a number of years,” Roubini said an interview on Bloomberg Radio. “We are running out of policy bullets.”