A new study from the Federal Reserve Bank of San Francisco is out and claims that all the bond buying and quantitative easing brought on by Fed Chairman Ben Bernanke is hurting the value of the dollar. Many analysts have been claiming this for some time, but what is more interesting is that one of the Federal Reserve’s own banks is coming out and saying that the Fed’s own policies is devaluing the currency. Many may think this is a bad thing, but according to the study it goes on to argue that decreasing the value of the dollar is actually good for the US economy. This logic claims that by decreasing the value of the dollar it makes American goods and services more desirable to the rest of the world because their less expensive. However, to those who hold the dollar this is not good as the dollars they hold are worth less from the average savings account holders all the way up to the US debt holders like China. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins The Blaze TV with Wilkow to discuss the impact of the Fed’s policies right now on the holders of the dollar for the future.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: ben bernanke, bonds, devaluing the currency, ed butowsky, fed chairman, federal reserve, quantitative easing, savings account, the blaze, value of the dollar
