Most economists believe the
The survey also showed that a vast majority of economists believe the U.S. economy is at little risk of inflation in the coming years.
In the association's semiannual survey, 53% of economists said the Fed's stimulus programs were "on the right track" for the U.S. economy, and 39% thought the Fed was doing too much.
The Federal Reserve has been winding down a bond-buying economic stimulus program since December. Many investors and economists expect the central bank to start raising interest rates in 2015. It would be the first time the Fed raised interest rates since 2008. In the survey, three-quarters of the economists said they believed the Fed's first interest rate increase would come in 2015.
More economists approve of
Asked what would be the best long-term way to tackle the U.S.' growing national debt, 34% of NABE economists surveyed said they believed policymakers should use a combination of budget cuts and tax increases to balance the budget. Only 7% of economists said the U.S. should raise taxes to deal with the budget deficit, and 25% said the U.S. should only use budget cuts to deal with the deficit.