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.

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