Hard to reverse QE: FT

Central banks want to step back from quantitative easing, a policy used to help economic recovery, but it won’t be easy, says former banker Satyajit Das in a Financial Times op-ed.

Read: When will the Fed start tapering?

“The difficulty of an exit is complicated by the size of the intervention as well as the fact that economic activity and financial markets are heavily reliant on these support measures,” writes Das. He notes the Federal Reserve now needs to create a $1-trillion liquidity injection to stimulate $300 billion in growth.

Read more here.

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