Fed QE Critics From 2010 Hold To Their Statements

Criticizing the U.S. Federal Reserve (Fed)’s quantitative easing (QE) policy can be difficult for an academic or respected financial professional. Difficult because outwardly it appears to be working so well. The stock market is at all time highs, and real estate, particularly in wealthy neighborhoods, has once again skyrocketed. But criticize is what a number of esteemed academics and financial practitioners did in 2010 and they are holding to their critique today, according to a report from Bloomberg.

Fed's QE program would distort financial markets

In November of 2010, a letter signed by a horde of well-known academics, economists and practitioners warned the U.S. Fed that it’s unprecedented purchasing of bonds and other securities would “distort financial markets.” ...