Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Elliott’s Singer Says Fed Created ‘Unfair’ U.S. Recovery

Paul Singer, the billionaire who runs hedge-fund firm Elliott Management Corp., said the U.S. Federal Reserve’s economic-stimulus program has created an unfair recovery.

“The problem with quantitative easing is that it’s a gimmicky, indirect solution to a problem that has a direct solution,” Singer said today at the Wall Street Journal’s Heard on the Street conference in New York. Other paths to creating growth through education, tax and wage policies haven’t been pursued, he said.

“The average investor in stocks and bonds is doing fine but the average person in America is in fear of his or her job, or their children’s job and the price of stuff,” Singer said. “That’s what I mean by an unfair and distorting policy.”

The possibility of the Fed reining back its stimulus is “off the table,” he said. The central bank’s policy-setting Federal Open Market Committee refrained in September from reducing the $85 billion pace of its monthly securities buying, saying it needed to see more evidence of a strong economy before starting to phase out the purchases.

Singer, 69, started New York-based Elliott in 1977. The firm has about $21 billion in assets.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.