The Daily Caller

The Daily Caller

The Fed chairman’s inconvenient quotes

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Coleman Andrews
Co-Founder, Bain Capital

The Federal Reserve is now well down the road in its great, unprecedented monetary experiment. By maintaining interest rates at or near zero, the Fed is attempting to induce investors to take risks by shifting cash that earns essentially nothing and investing that cash in stocks and bonds. To date, the Fed has spent trillions of dollars buying assets, mostly bonds, fueling a four-year rally in asset prices.