Harvard’s Feldstein Says Long-Term Rates Unsustainably Low
Harvard University economist Martin Feldstein said long-term interest rates are unsustainably low and warned more quantitative easing from the Federal Reserve would do little to aid a recovery of the U.S. economy.
QE to date has done little to support the labor market or businesses, Feldtsein said at a meeting of the Institute of International Finance in Copenhagen today.
To contact the reporter on this story: Frances Schwartzkopff in Copenhagen at firstname.lastname@example.org
To contact the editor responsible for this story: Tasneem Brogger at email@example.com