The Fed Is Killing The Recovery

The Federal Reserve's low interest-rate policy is crushing the recovery, argues, Jeremy Grantham, the co-founder of money management firm GMO.

There's no evidence that quantitative easing (QE) has helped the economy or increased capital spending, Grantham told Fortune.

While "there's some indication" that the crash would have been worse without the Fed's intervention, the economy would have soon rebounded without it.

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