There was this conference in New York this week, the Delivering Alpha conference and there was a lot of coverage in the press because a lot of high profile hedge fund billionaires were speaking very negatively about the Federal Reserve.
What they were saying was that the Fe`s policy of zero percent interest rates and quantitative easing have been a failure, that they had not delivered the economic growth that was promised, that actually they undermined economic growth and undermined capital investment and as a result of what the Fed has done the economy has grown less than it would have had they not done it.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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