Dallas Fed President Says QE "Massive Gift of Wealth"

In perhaps the strongest repudiation of the US Federal Reserve policy yet, a voting member of the central bank called quantitative easing “A massive gift intended to boost wealth.”

Gift of wealth comes amidst rising inequality

As rising income inequality plagues the US to historic levels, and political leaders look at the issue from a campaign standpoint, such critique of the Fed policy could receive widespread attention.  As reported in ValueWalk, a recent study from a global group of economists shows that the United States continues to be...