Ex-Fed official: "I am sorry for QE...IT DIDN'T WORK"

[dario73]

There's a real question as to whether the massive bond-buying program known as quantitative easing was worth the cost, former Federal Reserve official Andrew Huszar said Tuesday.

"My argument is not that QE was not at all useful," he said on CNBC's "Fast Money."

"I believe that at the time, it was just one more tool that the Fed introduced to try to help the economy," he said. "My point, ultimately, is the idea that very quickly into QE, it started becoming obvious that it wasn't working in the way that it was supposed to."

http://www.cnbc.com/id/101192690

[dario73]

Someone who was present since its inception, who had his part in its implementation, says that it did not work.

The economy clearly shows it did not work.

When will libtards stop claiming that disaster was averted by QE? I see the UE rate still over 7%. The QE was supposed to knock it down to 5%.

Another evidence that libtard economy never works.

[JOHN MATRIX]

Good article, just adds more evidence to the idea that the Fed is a corrupt institution that does more harm then good

[RRKore]

Holy shit, unbelievable.  I agree with you guys about something?

This is why we need folks like Alan Grayson, Bernie Sanders and Elizabeth Warren in government.

Grayson:

Bernie:

Warren:

[RRKore]

BTW, I should have added a clip from Rand Paul's dad to the post above.  There are quite a few to choose from.  More relevant to the topic of the Fed's QE, too.