Recalling QE’s Original Purpose

By |2014-01-07T16:18:17-05:00January 7th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

Bill Dudley, never one to shy from causing controversy, regained the throne of most honest Fed official. Speaking at an economics conference, the President of the New York Branch, the one with all the QE assets, Dudley admitted, "We don't understand fully how large-scale asset purchase programs work to ease financial market conditions, there's still a lot of debate ..." [...]