A former US Federal Reserve official turned director of research for a quantitative hedge fund, DE Shaw, is calling for the Federal Reserve to be more transparent. In a video interview conducted by the Wall Street Journal, Brian Sack, former executive vice president at the New York Federal Reserve bank and advisor to the president, discussed exiting the quantitative easing trade he helped create.
Former Fed official indicates Fed funds rate could remain lower at new normal, they may hold on to their historic bond...
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