# Dean Peter Henry explains why central bankers need action by lawmakers to ensure growth

1 Faculty News August 28, 2016 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from the [Financial Times](http://www.ft.com/cms/s/0/e93cec28-6ce8-11e6-9ac1-1055824ca907.html#axzz4Ij5Kikn9) -- "[Peter Henry](http://www.stern.nyu.edu/faculty/bio/peter-henry), the dean of New York University’s Stern School of Business, says central bankers still have the tools to provide a floor under the economy, but cannot provide a springboard for growth in the absence of action by lawmakers in areas such as immigration, trade and fiscal reform. 'Negative real rates have not yet spurred a recovery in investment. So one has to ask the question is there something else standing in the way,' the economist says."

[Read more](http://www.ft.com/cms/s/0/e93cec28-6ce8-11e6-9ac1-1055824ca907.html#axzz4Ij5Kikn9)