The Fed Is Making a $2 Trillion Mistake
Narayana Kocherlakota:
The Fed Is Making a $2 Trillion Mistake: Sometime later this year or early in 2018, the U.S. Federal Reserve intends to embark on an unprecedented maneuver: Reducing the vast bond holdings that it has accumulated in its efforts to support the economy over the past decade. I think this is a mistake, in both concept and implementation. …
Source: http://economistsview.typepad.com/economistsview/2017/05/the-fed-is-making-a-2-trillion-mistake.html
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