Tapering Has Not Hurt The Economy Which Means The QE Stimulus Really Was Not Worthwhile. Brian Wesbury Of First Trust.

[ 1 ] August 26, 2014 |

Tapering Has Not Hurt The Economy. Brian Wesbury of First Trust. Watch Video From Link Below.

Conventional wisdom focuses way too much on Federal Reserve policy.

Many believed that the world was coming to an end in 2008, only to be saved by the Fed and their QE policy. Those same people feared that the start of Fed tapering would bring the supposed sugar high to a crashing halt.

But quantitative easing is not what has lifted the stock market and it’s not what has driven the economy over the past five years.

As tapering has taken place, the economy has actually become stronger. The markets are up, initial jobless claims have declined, and the average duration of unemployment has fallen at the fastest pace on record.

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Category: Economics