Edward Lazear, chairman of the White House Council of Econom
UNITED STATES - AUGUST 31: Edward Lazear, chairman of the White House Council of Economic Advisers, smiles during an interview outside Jackson Lake Lodge in Teton National Park near Jackson Hole, Wyoming, U.S., Friday, Aug. 31, 2007. The Federal Reserve will do what's necessary to limit damage to consumer spending and economic growth that may arise from a deepening housing recession, Federal Reserve Chairman Ben S. Bernanke said during the organization's annual retreat in Jackson Hole. (Photo by Matthew Staver/Bloomberg via Getty Images)
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