“Switcheroo! One of the biggest money managers on Wall Street is changing its tune and now advising the Fed to rein in its bond-buying program, and do it now, saying the central bank is distorting markets and risks stoking inflation.
If you enjoy the content at iBankCoin, please follow us on Twitter“Fed policy has had a distorting effect on capital allocation decisions of all kinds at virtually every level of the economy. It is a very large and dull hammer for markets,” Rick Reider, who oversees $763 billion in fixed income investments for BlackRock, told the Financial Times in an interview that published Tuesday….”
