Fed Watchers Join QE Debate With Scathing Words - US Business News - CNBC - CNBC
Feldstein, an economics professor at Harvard University, said the
Fed’s decision to buy mortgage-backed assets for an unlimited time means
the central bank has now embarked on a “very dangerous strategy” that
could lead to high inflation and destabilizing asset bubbles...
Feldstein said that the Fed’s plan to maintain a loose monetary policy
stance until at least mid- 2015 implies almost $1.5 trillion of
increased bank liquidity. He is skeptical that the policy to buy
mortgage assets will strengthen the economic recovery.
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