Skip to content
Subscriber Only
Opinion
Barry Ritholtz

Why Do So Many People Hate QE?

Outgoing Federal Reserve Chairman Ben Bernanke managed to thread the needle yesterday.

Farewell QE, you have been a magnificent success: The moral contours of QE depend on your angle of vision. But would you rather be surrounded by mass unemployment? -- Ambrose Evans-Pritchard, the Telegraph, Dec. 18.

Outgoing Federal Reserve Chairman Ben Bernanke managed to thread the needle yesterday, announcing a modest monthly taper in quantitative easing of "only" $10 billion dollars, while leaving the remaining $75 billion in monthly bond purchases untouched. He also suggested the Fed will keep rates accommodative -- read very low -- for even longer than previously promised.