Economy

Former Fed official: Quantitative easing a ‘backdoor bailout’

By Joseph Lawler
Published November 12, 2013 5:00am ET
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Former Fed official: Quantitative easing a ‘backdoor bailout’
Federal Reserve Chairman Ben Bernanke, who has run the central bank since 2006, has defended quantitative easing programs as effective. Former Fed official Andrew Huszar called the quantitative easing program "the greatest backdoor Wall Street bailout of all time." (AP Photo/Jacquelyn Martin) | Jacquelyn Martin

The Federal Reserve’s quantitative easing program is “the greatest backdoor Wall Street bailout of all time,” according to one former Federal Reserve official.

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Federal Reserve Joseph Lawler PennAve Quantitative Easing