On the recordDecember 6, 2016
The Fed's unconventional policies do deserve credit for lifting the economy and financial markets from crisis in 2008 and 2009.
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Mickey Levy
There Is A Future
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congress.govThe Fed's unconventional policies do deserve credit for lifting the economy and financial markets from crisis in 2008 and 2009.
Levy acknowledges the positive impact of the Fed's policies during the financial crisis.
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Fiscal policies have resulted in dramatic increases in debt, but they really haven't addressed some of the key structural factors.
The Fed has created an extremely unhealthy relationship with financial markets.
Both monetary and fiscal policies have gone off course and need to be reset.