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Are Fed policies putting the economy in jeopardy?
Why is Wall Street profiting from Fed policies but not Main Street? Bob McTeer joins Jim Blasingame to discuss the fact that the Fed's loose monetary policies are creating record stock prices while not helping the economy grow.
Category:
Economy: Nation, Global, Government, Politics
More interviews with Bob McTeer »See all
Bob McTeer joins Jim Blasingame to report on a little-known part of the Federal Reserve Act – Section 13.3 – which allows the Fed to help small businesses directly as a “lender of last resort” during emergency periods.
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Bob McTeer joins Jim Blasingame to agree that the FOMC will likely raise rates a quarter point during the June meeting, and why the current conditions justify this step.
