Nov 10, 2010

Robert Albertson on the Fed as the only adult in Washington

I really respect the Fed because they really are the only adult in Washington, trying to do the right thing but, my simple view has always been monetary policy is a great brake; it's not such a good accelerator and fiscal policy is the great accelerator. We haven't done much good with fiscal lately so hopefully the animal spirits of America take over.

~Robert Albertson, head of investment strategy at Sandler O'Neill & Partners LP, Bloomberg Television's "Surveillance Midday", November 9th, 2010

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