Jeremy Graham, who had been a long time critic of the Fed, he began firing assault policies of the Federal Reserve. According to his last message to "almost every aspect of adhering to its policy of low interest rates, triggering quantitative easing, deliberately stimulating asset prices, ignoring the consequences of the explosion of bubbles and showing an absolute refusal to learn from experience - all this gave a huge negative contribution to the creation of healthy, stable economy with strong employment. " Strong words, indeed. In defense of the Fed can say that the other branches of government, in particular, fiscal policy, it can hardly be regarded as an assistant for the Fed. Separately, bond guru Bill Gross of Pimco, said yesterday that a portion of QE from the Fed. Reserve next week will be the end of a 30-year bond bull market.
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