Paul Singer: The Fed is causing inequality

by Stephen Gandal, Fortune

When it comes to bashing the Federal Reserve, Paul Singer is far from finished.

In November, Singer, who runs the hedge fund Elliott Management, said that that the U.S.’s economic recovery had basically been “faked” by the Federal Reserve’s stimulus efforts. He called the good economic numbers coming out “cooked.”

On Wednesday during a panel discussion at the World Economic Forum in Davos, Switzerland, Singer continued his attack on the Fed’s policies. He said that the Fed’s quantitative easing bond buying program has been the main driver of income inequality and is exacerbating social instability around the world. Read the entire story.

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