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Gundlach, Grantham Rip Fed's Easing Program
Some heavyweights on Wall Street strongly criticize the Federal Reserve's highly accommodative monetary policy, saying it has artificially inflated asset markets without boosting the economy much.
Bond market star Jeffrey Gundlach, CEO of DoubleLine Capital, and Jeremy Grantham, chief investment strategist of money manager GMO, are two of the critics.
“I don’t really like the Fed very much,” Gundlach told The New York Times. “I wish the Fed were not manipulating the market the way it is.”
Some experts are worried about possible bubbles, especially in the stock market. “My guess is that the Fed will play its usual game till we’re in good old-fashioned bubble territory,” Grantham told The Times.
“Either she [Fed Chair Janet Yellen] is ignorant about the markets, or she is cynical, and she is manipulating the market.”
Source: http://freenorthcarolina.blogspot.com/2014/02/gundlach-grantham-rip-feds-easing.html
