Duh…
June 02, 2011 at 10:30 AM EDT
Fed’s QE2 Failed to Boost U.S. Spending, Pimco’s El-Erian Says: Tom Keene By John Detrixhe and Tom Keene June 2 (Bloomberg) — The Federal Reserve’s quantitative easing policy failed to meet the “ultimate objective” of boosting employment and economic growth, said Mohamed El-Erian , chief executive officer at Pacific Investment Management Co.
