The Sound MInd: Fed should have left ...

The Sound MInd: Fed should have left easy money earlier, Paul Ryan says

Posted in the Banking Forum

The Progressive American

Buffalo, NY

#1 Dec 19, 2013
The Federal Reserve needs to leave the easy money policies behind and return to "sound money," House Budget Committee Chairman Rep. Paul Ryan told CNBC on Wednesday.

"Well, I thought they should have started tapering a long time ago," he said. Quantitative easing was necessary in the beginning of the crises, he said, but not later.

"Subsequent rounds of QE I think did more harm than good," Ryan added.

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