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Cost Of Fed Actions Starting To Offset Benefits: El-Erian

Wednesday, March 2, 2011 - 8:05 AM
From CNBC:
Extending the Federal Reserve's easy-money policies would be a mistake for an economy that badly needs to learn how to live without artificial stimulus, Pimco's Mohamed El-Erian told CNBC.

The article mentioned some talk from the St. Louis Fed President about extending QE2. As El-Erian describes, this creates a lot of risk for the economy (not to mention how it hurts savers).
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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