The Fed's Risky Bet on Growth

The Fed is making a risky bet that Congress and companies will do their part to get the economy out of the doldrums.
Riskier than meets the eye.

The U.S. Federal Reserve is trying to squeeze a bit more out of a stimulus policy that relies heavily on artificially boosting stock and bond markets to generate growth. In doing so, it is running a higher risk of financial instability, and increasing its dependence on a Congress that shows little sign of being able to handle fully its economic responsibilities.

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