Fed Pushing on a String…

 

QE Bond Purchases Make the Financial Markets Riskier: Raghuram G. Rajan

With growth so uncertain, it is understandable that central banks would be wary of beginning to taper monthly bond purchases before it is clear that inflation has taken off. But they would do well to recognize that prolonging quantitative easing implies significant risks, too.

Leave a Comment


This site uses Akismet to reduce spam. Learn how your comment data is processed.