Can the Fed Just Keep Doing This?

The Fed is deeply committed to easy policies that prop up financial markets. In a way, you could say this isn't dangerous, because the fed can kind of start to unwind what it has done. This stimulus is a trickle down theory that only benefits working people two or three steps down the chain. The danger it poses is thatit it elevates these asset markets that create the crash. Middle class wages are still stagnating. They've been rising a little bit, but the gains have been wiped out by inflation. So there's tremendous financial stress on most working families in America. And we've got to deal with the overheated asset bubbles on wall street.