Fed’s Warsh Says Bond Buys May Fail to Help Economy

Federal Reserve Governor Kevin Warsh said he’s concerned the central bank’s expansion of record stimulus may spark too much inflation, fail to aid growth and delay any plans to reduce U.S. indebtedness.

“I am less optimistic than some that additional asset purchases will have significant, durable benefits for the real economy,” Warsh said today in a speech in New York. “Of course, benefits may well be more substantial than I anticipate.”