The Federal Reserve is finally taking a step back from its Quantitative Easing program the problem is that its just a small step. Federal Reserve Chairman Ben Bernanke announced that the Central Bank will pull back ever so slightly on its assets purchasing program by buying only $75 billion worth of the bonds and other assets a month instead of the $85 Billion its been doing. So it appears that Quantitative Easing is here to stay and the Fed is going to continue to add to its $4 Trillion balance sheet. It would appear that the economy right now is addicted to the stimulus and the only way to get the same high to produce positive growth is to flood the economy with even more of it. Even though the Fed is going to buy fewer assets there does not seem to be an end in sight. Janet Yellen, hand picked by progressives to replace Bernanke, wants to take things even further to address income inequality while continuing the easy money policies. The value of the dollar is shrinking and the only way this government feels it can help this economy is to continue with this stimulus. Eventually it will all fall apart. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins The Blaze TV with Wilkow to discuss how can Fed policy help close the income gap and can this small step for the Fed help in the long run.
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, chapwood investments, economy, ed butowsky, federal reserve, financial advisor, government, Janet Yellen, quantitative easing, stimulus, The Blaze TV, wealth manager, wilkow
