The Federal Reserve’s massive easing program is still wreaking havoc on asset markets and the economy, says Steve Forbes, chairman of Forbes Media.
“[Fed Chairman] Ben Bernanke has pulled off a neat trick that could well give us the worst of all worlds: a brief commodity deflation, future inflation and a stagnant economy,” Forbes writes on Forbes.com.
“It will earn him a prominent place in the central bank’s Hall of Infamy.”
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