Majority Of Economists In Poll Say Fed Should Stop Buying Bonds

The majority, 52%, of economists surveyed in a Wall Street Journal poll say the Fed not only should not expand its bond buying program as it wraps up its meeting today, but that it should stop buying bonds all together.

It was a small poll, involving 49 economists. Some said the Fed program is disrupting market dynamics that will create serious problems going forward, and that it is not significantly improving the job market, that is that it is not getting the bang for its buck. Some have also expressed concern that the Fed is buying so many bonds that it will undermine its ability to control inflation as the economy improves.