Perspectives Blog

QE worked, but not as advertised

Zach Pandl, Portfolio Manager and Strategist | November 3, 2014

While QE proved very effective in reinforcing the Fed’s communication about short-term interest rates, there could be simpler ways to achieve the same outcome. The U.S. experience with QE suggests it would be effective in Europe. The Fed ended QE because it succeeded and that’s good news for investors. Last week the Federal Reserve announced the end of its bond-buying program, which has been running with only brief interruptions for the last s…