Fed policy has pumped up the stock market and allowed companies to borrow money at low rates,...
Fed policy has pumped up the stock market and allowed companies to borrow money at low rates, but few others enjoy benefits, so many economists view QE2 as a disappointment. But Ryan Avent thinks the program has been mostly a success: "Growth in the first quarter is disappointing, it’s true. Without QE2 it would be more disappointing still, and very probably negative."
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