The Federal Reserve is considering ending the Quantitative Easing and it maybe time to say goodbye to Ben Bernanke. The Federal Reserve’s Open Market Committee is meeting this week to discuss establishing a time table for withdrawing from the $85 billion a month QE bond buying program. President Obama also stated that Ben Bernanke will not be returning at the end of the Fed term runs out at the end of next year. Call it perfect timing or writing on the wall, Ben Bernanke has racked up $3.4 Trillion on the balance sheet and now he wants to walk away and let someone else deal with all the risky assets he bought up. If anyone thought that the government taking loses on auto balance was bad, the situation that Bernanke will leave the office with is certainly worse. It certainly goes without saying that the President will certainly praise Bernanke for all that he has done to help the economy recover; however, his real legacy will probably be the massive distortion of the free market. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins The Blaze TV with Wilkow to discuss whether or not the Federal Reserve end Quantitative Easing and what impact that may have to inflation and other fragile aspects of the US economy.
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, ed butowsky, federal reserve, financial advisor, inflation, money, printing money, quantitative easing, wealth manager