Former New York Fed President Bill Dudley criticizes the cost of the Fed's Quantitative Easing Program, stating it was too expensive. Dudley highlights that QE led to increased demand in the housing market, driving up home prices and inflation. He also mentions that the program contributed to regional banking issues.
"The Fed’s excessive balance-sheet expansion directly pushed up the costs of quantitative easing. The aim should be to learn from past mistakes and develop a guide for the future – focusing not only on benefits, but also on costs." --Bill Dudley, @Opinion https://t.co/jKL46aotA6
Former NY Fed President Bill Dudley explains some of the costs of QE.👇 “First, by lowering rates on mortgage loans, it over-stimulated the housing market. Demand soared, driving up home prices and overall inflation. Second, it contributed to last year’s regional-banking…
Quantitative easing worked but it was too expensive, says former New York Fed President Bill Dudley https://t.co/fppHcCVzda via @opinion
The Fed’s Quantitative Easing Program Cost Too Much via former New York Fed President Dudley https://t.co/Q4F8EBhwg5
The Fed’s Quantitative Easing Program Cost Too Much - BBG https://t.co/dEvG5ZfydX
Quantitative easing worked but it was too expensive, says former New York Fed President Bill Dudley https://t.co/Cdmlwo3T8v