We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Stagnant puddle

29 April 2014 By Martin Hutchinson

QE-generated excess reserves just sit there earning 0.25 pct while loans have increased less than nominal GDP. Only consumer debt and yield curve games have grown. No wonder America has little growth or inflation. If the Fed wants more lending, it should charge for reserves.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)