On the recordDecember 6, 2016
The Fed has created an extremely unhealthy relationship with financial markets.
Said by
Mickey Levy
There Is A Future
Source
congress.govThe Fed has created an extremely unhealthy relationship with financial markets.
Levy criticizes the Fed's dependence on market reactions in its policy decisions.
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Both monetary and fiscal policies have gone off course and need to be reset.
Fiscal policies have resulted in dramatic increases in debt, but they really haven't addressed some of the key structural factors.
The Fed's unconventional policies do deserve credit for lifting the economy and financial markets from crisis in 2008 and 2009.
the purchase of mortgage-backed securities by the Fed is a dangerous long-term strategy.