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Fed’s Lacker Says QE Won’t Lift Growth While Posing Risk

Federal Reserve Bank of Richmond President Jeffrey Lacker voiced opposition to bond purchases by the Fed, saying the buying probably won’t spur growth beyond 2 percent while making an exit from stimulus more challenging.
“The benefit-cost trade-off associated with further monetary stimulus does not look promising,” Lacker said today in a speech in Richmond, Virginia. “The Fed seems to be unable to improve real growth, despite striving mightily over the last few years, and further increases in the size of our balance sheet raise the risks associated with the ‘exit process’ when it’s time to withdraw stimulus.”
Enlarge imageFederal Reserve Bank of Richmond President Jeffrey Lacker
 
http://www.bloomberg.com/news/2013-05-03/fed-s-lacker-says-more-qe-won-t-boost-growth-while-posing-risk.html
 
 
 
 
 

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