Seven years after the Fed’s first Quantitative easing program was launched, one of its original foot soldiers takes stock.
Andrew Huszar is a Fed veteran who served as the “quarterback” for the world’s largest stimulus program by managing the purchase of more than $1 trillion worth of mortgage-backed bonds — only to renounce his support for the entire effort in a 2013 public apology. In a recent interview with CNBC, Huszar insisted the excess liquidity created by the Fed has done more to enrich Wall Street than the average citizen. Here is a direct video link.
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