on June 2, 2011 in Employment, Fed 11 Comments
Fed’s QE2 Failed to Boost U.S. Spending, Pimco’s El-Erian Says: Tom Keene
By John Detrixhe and Tom Keene
June 2 (Bloomberg) — The Federal Reserve’s quantitative easing policy failed to meet the “ultimate objective” of boosting employment and economic growth, said Mohamed El-Erian , chief executive officer at Pacific Investment Management Co.