Volcker Says Future Inflation Risk Limits QE Effect
November 05, 2010 at 10:38 AM EDT
Former U.S. Federal Reserve Chairman Paul Volcker on Friday repeated his skepticism about the benefits of the Fed’s latest QE, citing concern about long-term inflation. “It’s hard to have a big impact on the short-term interest rate that is already zero, and on the bond-market … two things are working in opposite ways on the [...]