Economists predict that the US Federal Reserve could lose half a trillion dollars in just three years thanks to policies enacted by the central bank under Chairman Ben Bernanke.
Economy and Finance
Fed set to lose $500 billion
Economists have said that The Federal Reserve could lose half a trillion dollars in just three years due to policies enacted by the Central Bank under its chairman Ben Bernanke. Investment analysts at MSCI Inc say that his attempts to keep the economy afloat have been futile.
Sarah Binder a senior fellow at the Brookings Institution said she expects the findings to be greeted with hostility by Washington. Speaking to Bloomberg News she said:
“Even if there’s a perfectly logical explanation and the normalization of the balance sheet is a good thing in the long term, the headlines will probably generate congressional scrutiny,” she says. “That’s never a good thing from the Fed’s perspective.”
Delivered by The Daily Sheeple
We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).
Contributed by Chris Carrington of The Daily Sheeple.
Chris Carrington is a writer, researcher and lecturer with a background in science, technology and environmental studies. Chris is an editor for The Daily Sheeple. Wake the flock up!
