Michael Hudson critiques Federal Reserve's ZIRP policy in Commonweal
1 report, 1 independent
Updated Oct 14
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What happened
Michael Hudson published an article in Commonweal criticizing the Federal Reserve's Zero Interest Rate Policy (ZIRP). Hudson stated that the Fed quietly recognized ZIRP as a failure, noting that the policy primarily stimulated speculation in leveraged assets, such as private equity.
From nakedcapitalism.com
Why it matters
The critique addresses the effectiveness and consequences of the Federal Reserve's monetary policy. Hudson noted that former Fed official Bernanke attempted to withdraw from ZIRP in 2014 but was prevented by the taper tantrum.
From nakedcapitalism.com
Who's involved
- Michael HudsonPublished views critiquing the Federal Reserve's ZIRP policy
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The entities involved
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Michael Hudson
American business journalist
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FED
business