JEFFERIES’ ZERVOS: QE UNPRECEDENTED, EXIT WILL BE A ‘MESSY PROCESS’
Investmentwatchblog.com
May 6th, 2013
David Zervos, head of global fixed income at Jefferies, told Bloomberg TV’s Erik Schatzker and Sara Eisen on “Market Makers” today that the Federal Reserve’s QE program is “the greatest monetary policy experiment of our lifetime and I do not think that anyone is smart enough, me, any central banker up there” to figure out how to properly exit.
Zervos said, “I am not criticizing them, I just do not think that we know how to handle this when we need to handle it. We have never done it before and it will be a messy process.”
The Rest…HERE
