Yale’s Stephen Roach: Fed Deserves Some Blame in JPMorgan Fiasco

“The Federal Reserve deserves some blame for the JPMorgan trading snafu currently embroiling the financial sector, says former non-executive chairman of Morgan Stanley Asia and Yale professor Stephen S. Roach.

JPMorgan revealed a $2 billion trading loss on a massive hedge operation, fueling fears other banks may be at risk.

The Federal Reserve deserves some blame, Roach says, thanks to its loose monetary policies.

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