The FED and its supporters justify QE1-4 as support for growth. But as the graph below shows the FED’s own forecasts have been adjusted lower every time over the QEs period. The latest forecasts for 2012 and 2013 which should incoporate the information from QE4 show the same thing. If the QEs do not help economic growth than what is point?
Florin Citu is the founder of FLORIN CITU ADVISORY , an independent macroeconomic research and consulting firm. More details will be available in English on our page soon. Until then please contact us at firstname.lastname@example.org