Martin Feldstein on the Federal Reserve

Fed joins ECB in a high-risk move
Financial Times
September 28, 2012
Op-ed by: Martin Feldstein, member of the Belfer Center Board of Directors
Topic: Federal Reserve

“The Federal Reserve has now embarked on a very dangerous strategy, buying $40bn of mortgage-backed securities each month for an indefinite number of years. That could lead to high inflation, to destabilising asset bubbles and to legislative changes that limit the Fed’s future powers.”

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