The Fed's asset purchases are not working, are benefitting the wrong people, and potentially counterproductive, says the Dallas Fed's Richard Fisher. His comments put him directly at odds with the last 2 days of Congressional testimony from The Chairman. Fisher calls it a Buzz Lightyear monetary policy, "pledging to hold the federal funds rate at zero seemingly to infinity and beyond."
The Fed's asset purchases are not working, are benefitting the wrong people, and potentially...
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