Mickey Levy: “Both monetary and fiscal policies have gone off course and need to be reset.”

The Fed has created an extremely unhealthy relationship with financial markets.

The Fed's unconventional policies do deserve credit for lifting the economy and financial markets from crisis in 2008 and 2009.

Sustained, unprecedented monetary ease has failed to stimulate the economy.

Fiscal policies have resulted in dramatic increases in debt, but they really haven't addressed some of the key structural factors.