Emergency markets and the Federal Reserve

eats shoots 'n leaves

Jane D’Arista, researcher at the Political Economy Research Institute (PERI) at the University of Massachusetts, Amherst, former staff economist for House Banking and Commerce Committees and senior analyst for the Congressional Budget Office, talks with The Real News Network’s Jaisal Noor about the implications of central bank monetary policy.

From The Real News Network:

Tapering of Quantitative Easing Is Throwing Emerging Markets into Chaos — And Big Banks Are Getting Richer

From the transcript:

NOOR: And what’s your take on that? Do you believe the economy actually is growing?

D’ARISTA: Well, the economy is growing, but it’s growing in a very dysfunctional way. I mean, it is growing out of proportion. It is not growing in areas that affect Main Street, small businesses, wages, etc. And so it is a concern that that is going.

Now, part of the concern, I would like to say, is…

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