Charles Schwab: Fed's Policy Harming Economy
February 06 — CEO Charles Schwab says the Federal Reserve's prolonged, “emergency” near-zero interest policy is hurting, not helping the economy.
"The Fed policy has resulted in a huge infusion of capital into the system, creating a massive rise in liquidity but negligible movement of that money," Schwab writes in The Wall Street Journal. "It is sitting there, in banks all across America, unused." Read more.
